MindPetal to acquire VerticalApps

Vienna-based government contractor MindPetal has entered into an agreement to purchase Arlington County-based IT firm VerticalApps, the companies announced Tuesday.

Financial details of the transaction were not disclosed.

MindPetal and VerticalApps hope to become “a premier [artificial intelligence/machine learning] firm by accelerating intelligent automation and modernization programs with machine learning, predictive analytics, application/workflow modernization and data science,” according to a news release.

“This is an exciting moment for MindPetal and for our customers,” MindPetal President and CEO Sony George said in a statement. “VerticalApps brings an experienced team with deep expertise and superlative past performance that will accelerate our growth and deliver immediate value to our federal customers.”

VerticalApps specializes in intelligent automation, software development and data management for the Department of Homeland Security, U.S. Citizenship and Immigration Services, the National Institutes of Health, the Army Corps of Engineers and the Health Resources and Services Administration.

Executives from VerticalApps will be integrated into MindPetal’s leadership. Will Choi, VerticalApps’ CEO, will become chief operating officer. Paul Grace, currently chief financial officer, will stay in that position in the new company, and Michael Grace, currently chief technology officer, will serve as senior vice president for program delivery.

MindPetal’s chief operating officer, Michael Agrillo, will become president of the combined company.

“We are thrilled to join forces with MindPetal,” Choi said in a statement. “Our partnership will allow us to expand our team, share our expertise and help federal leaders embrace the promise of AI to build better digital experiences.”

VerticalApps will become a wholly owned subsidiary of MindPetal on Nov. 1.