KippsDeSanto & Co. Advises Fidelis Cybersecurity Solutions, a Business Unit of General Dynamics Mission Systems, on its Sale to Marlin Equity Partners
KippsDeSanto & Co. is pleased to announce the sale of Fidelis Cybersecurity Solutions (“Fidelis” or the “Company”), a business unit of General Dynamics Mission Systems, to Marlin Equity Partners (“Marlin Equity”). The acquisition by Marlin Equity will provide future resources and expertise around its commercial offerings to position it for continued growth over the long term.
Headquartered in Waltham, Massachusetts, Fidelis is a leader in the Advanced Threat Defense (ATD) space and provides a unique combination of cybersecurity products and Network Defense and Forensics (“NDF”) services. Fidelis’ patented deep session inspection technology and its ability to provide advanced malware / data theft protection and network security analytics in a single, tightly integrated system for continuous protection across the enterprise strategically positions the Company to capitalize on increasing organizational importance of cybersecurity across a vast number of industry verticals.
Fidelis’ elite team of security experts provides industry-leading services and acts as a key source of threat intelligence that further enhances its ATD technology solution. This real-time feedback allows the Company to quickly incorporate threat research and intelligence from the front line of network defense into its products. Fidelis serves an expansive list of customers, and its NDF team has successfully handled over 3,500 cyber threat cases and several of the most critical and complex intrusions to date.
We believe this transaction demonstrates several key trends in the software and cybersecurity M&A environment:
- Continuation of corporate divestitures as defense contractors shape their portfolio to focus on core markets and capabilities
- Attractiveness of and premium value placed on unique, proprietary products, technology, and intellectual property to address market needs
- Knowledgeable financial buyers positioning themselves in mission-critical markets such as cybersecurity
- Continued strong investor interest and public valuations given the recent high-profile cyber-attacks and overall advanced threat environment
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
LOS ANGELES – May 4, 2015: Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed the acquisition of Fidelis Cybersecurity (“Fidelis”) from General Dynamics. Fidelis, a leading provider of advanced cybersecurity threat prevention, detection and protection solutions, offers a comprehensive portfolio of products, services and expertise that protect some of the world’s most recognizable brands from data theft, financial loss and reputational damage. The company’s flagship product, Fidelis XPS™, is an advanced threat defense platform that has been proven to be highly effective in not only detecting and preventing initial malware infections, but also preventing the subsequent spread of malware and theft of information from within an organization.
Peter George, who will continue to lead Fidelis as CEO, commented, “We are pleased to be partnering with a world-class private equity firm, with a long and proven history of growing technology businesses, to help us accelerate our unique and comprehensive advanced threat defense offering and market position. We share Marlin’s vision to more aggressively convey the value we are bringing to our customers and to challenge the market leader with the only proven and scalable alternative solution for advanced threat defense.”
“Fidelis is uniquely positioned to help customers protect their most valuable data and assets against advanced adversaries across the entire threat lifecycle, from intrusion to propagation to exfiltration, in one fully integrated solution,” said Peter Chung, a principal at Marlin. “We are thrilled to provide the resources and financial backing to grow Fidelis and solidify its position at the forefront of the rapidly evolving advanced threat defense, and incident response and forensics markets.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 90 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Fidelis Cybersecurity
Fidelis Cybersecurity offers a comprehensive portfolio of products, services and expertise to combat today’s sophisticated advanced threats and prevent data theft and breaches. The company’s solution allows commercial enterprise and government customers around the globe to face advanced threats with confidence through the use of its Network Defense and Forensics Services, delivered by a team of security professionals with decades of hands-on experience, and its award-winning Fidelis XPS Advanced Threat Defense products, which provide visibility and control over the entire threat lifecycle. For more information, please visit www.fidelissecurity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.
KippsDeSanto & Co. Advises Digital Results Group on its Sale to Novetta Solutions
KippsDeSanto & Co. is pleased to announce the sale of our client, Digital Results Group, Inc. (“DRG”) to Novetta Solutions, LLC (“Novetta”), a portfolio company of Arlington Capital Partners. DRG delivers next generation, multi-source intelligence collection, command, control, and exploitation (“C2 / PED”) solutions to customers across the defense and intelligence communities. A critical differentiator of the Company’s technology is the ability to seamlessly process operations and intelligence data from a wide range of systems, platforms, and sensors, and then provide tools to visualize and exploit this information from anywhere across the network. The transaction provides hardware and software solutions for multi-INT data collection, collaboration, and exploitation to Novetta’s growing suite of advanced analytics and mission-critical analysis solutions.
Based in Boston, MA, DRG is a leader in the development of innovative solutions that support critical defense, intelligence, and security missions. By fusing real-time sensor, operations, and intelligence data into a common operating picture and exploitation tool set, DRG’s solutions deliver best-in-class capabilities to support operations and analysis from the tactical edge to the global enterprise. DRG’s browser-based technology solutions significantly improve collaboration, understanding, mission execution, and outcome. DRG’s solutions are deployed to support a range of mission profiles to include ISR / persistent surveillance, force protection, precision fires, mission support / battle command, and intelligence collection, analysis, and reporting. At the core of the platform is a widely-fielded, C2 / PED solution called Ageon ISR, which has been tailored to meet unique mission requirements and computing environments to provide unparalleled mission flexibility.
We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:
- Premium value placed on companies with evolutionary business models that deliver innovative solutions supporting critical C4ISR missions
- Buyers are looking to acquire proprietary products, technology, and intellectual property to complement and expand upon existing solutions
- Value of strong relationships with well-funded customers in priority budget areas
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
KippsDeSanto & Co. Advises General Dynamics Advanced Information Systems, Inc. on the Sale of Its Advanced Systems Line of Business to MacDonald, Dettwiler and Associates Ltd.
KippsDeSanto & Co. is pleased to announce the sale of the Advanced Systems line of business (the “Company”) of General Dynamics Advanced Information Systems, Inc. (“GDAIS”) to MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX:MDA). The transaction affords new opportunities for MDA, a Canadian based publicly traded company, to support additional surveillance and intelligence programs in the United States.
Based in Ypsilanti, Michigan, the Advanced Systems line of business is a leader in the design, development, and production of radar and other information sensors for the U.S. government. The Advanced Systems line of business is strategically positioned given shifting focus towards strategic national security areas of interest that require advanced Intelligence, Surveillance, and Reconnaissance (“ISR”) capabilities.
We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:
- Continued trend of corporate divestitures as businesses of all sizes shape their portfolio to focus on the core
- Attractiveness of differentiated technology solutions in mission-critical markets (e.g., intelligence, C4ISR)
- Emphasis on entrenched and long-standing relationships with coveted IC customers
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
MDA Completes Strategic Capability Acquisition in the United States
VANCOUVER, Oct. 3, 2014 /CNW/ – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has closed the acquisition of Advanced Systems, a line of business from General Dynamics Advanced Information Systems, Inc., announced in July 2014.? This business will become part of MDA Information Systems LLC.
Located near Detroit, Michigan, the Advanced Systems business has approximately 170 employees and generates annual revenues of approximately US$40 million. The business has over 50 years of in-depth experience in development and application of radar and other information sensors for the U.S. Government. This unique capability is expected to strengthen the Company’s ability to pursue future opportunities in the U.S. market.
About MDA
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
KippsDeSanto & Co. Advises Global Net Services on its Sale to Information Innovators
KippsDeSanto & Co. is pleased to announce the acquisition of our client, Global Net Services, Inc. (“GNSI” or the “Company”), by Information Innovators Inc. (“Triple-i”), a portfolio company of DFW Capital Partners. The acquisition provides additional Healthcare Information Technology (“HIT”) qualifications to Triple-ii and further expands its Federal healthcare presence into the Food and Drug Administration (“FDA”).
Headquartered in Rockville, MD, GNSI is a leading provider of application development, systems and software engineering, and business intelligence services for Federal Government customers, primarily within the FDA. The Company has significant expertise in advanced technologies and demonstrates strong thought leadership within the Federal HIT arena. GNSI leverages a set of proprietary methodologies and processes, and maintains a cadre of highly skilled personnel, with deep subject matter expertise and professional certifications.
GNSI’s strong performance within the FDA resulted in a prime award on the FDA’s multi-billion dollar Enterprise System Life Cycle Management Support (“ELMS”) acquisition program, and to date, the Company remains one of the most successful contractors on the vehicle.
As a key addition to Triple-i’s HIT strategy, GNSI provides access to a new customer set to expand on Triple-i’s healthcare presence in the Department of Veterans Affairs. In addition, GNSI will benefit from Triple-i’s diverse breadth of IT capabilities in order to enhance its support to the FDA and its efforts to protect public health by ensuring the safety and efficacy of the nation’s food and drug supply.
We believe this transaction demonstrates several key trends in the government solutions M&A environment:
- Differentiation remains paramount to attracting acquisition interest, whether it is technology, intellectual property, or customer access
- Prime positions on large, long-term contract vehicles that transition to the acquirer drive value; however, buyers and investors are increasingly focused on companies with strong past performance, customer relationships, and a track record of awards under these vehicles
- Enhanced level of private equity investor participation both as a direct buyer (seeking a platform) and via existing portfolio companies
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
Information Innovators Inc. (Triple-i) Acquires CMMI Level 3 Software Development Company, Global Net Services, Inc. Springfield, VA, September 4, 2014 — Information Innovators Inc. (“Triple-i”), a professional information technology services company serving Federal Government agencies and departments, today announced its acquisition of Global Net Services, Inc. (“GNSI”). GNSI provides IT systems engineering, software development and related services focused primarily on serving the Health IT solutions needs of the Food and Drug Administration (“FDA”). The acquisition is expected to significantly strengthen and expand Triple-i’s solutions portfolio and IT offerings to its Federal Government customers. The combination enables Triple-i to further enhance its client solutions in the areas of software and systems development, hosting and cloud services, business intelligence and geospatial information systems.
“These are critical and compelling times for our government as they move toward a technological convergence,” says Steve Ikirt, CEO of Triple-i. “Bringing together Triple-i and GNSI enhances our capabilities to best enable and support the solutions that our customers seek to achieve their mission success. We are excited about what this highly-complementary merger of two great firms represent and welcome GNSI to the Triple-i family.”
Ori Reiss, Founder and CEO of GNSI stated, “We are very excited about how our combined strengths can support our customer missions. Together with Triple-i, GNSI can expand its reach into other U.S. government agencies and will provide us with the resources to accelerate our growth, broaden capabilities to serve our clients and enhance career opportunities for our staff.” Mr. Reiss is staying on board to run the GNSI business unit.
The merger combines the enterprise-level technology services experience and expertise of Triple-i with the robust CMMI Level 3 software and systems development, hosting and cloud services, business intelligence and geospatial information systems capabilities and talent of GNSI. By complementing the 600 Triple-i professionals with GNSI’s subject matter experts and development staff, the combined organization will provide clients access to one of the most agile large businesses supporting the Federal Government IT, under the direction of Triple-i CEO Steve Ikirt.
GNSI was represented by KippsDeSanto & Co. as financial advisor and Holland & Knight LLP as legal counsel. Triple-i, a portfolio company of DFW Capital Partners, was represented by Ropes & Gray LLP as legal counsel.
About Information Innovators Inc.
Information Innovators Inc. is a professional services company dedicated to delivering best-value IT services and solutions through the innovative application of our employees’ experience and state-ofthe-art technologies. Triple-i brings processbased solutions to high-risk, complex Federal Government initiatives through its three business lines-Health IT, Defense, Federal, and Intelligence and Geospatial Solutions. Triple-i has core capabilities in the areas of IT operations and maintenance, Enterprise-level IT consolidation, Cloud hosting, Health IT solutions, and cyber security. Triple-i was founded in 2001 and is headquartered in Springfield, VA. Currently, Triple-i provides IT services for nine Federal Departments including Veterans Affairs, Department of Defense, Transportation, Health and Human Services, Commerce, Justice, Homeland Security, Interior, and Treasury. For more information, visit http://www.iiinfo.com.
About Global Net Services, Inc.
Global Net Services, Inc. provides software and systems development, hosting and cloud services, business intelligence and geospatial information systems to the FDA and Department of Education providing decision support to the policy makers. GNSI has a resource pool of world-class talented program managers, software and web developers, system engineers, business analysts specializing in the areas of Health IT Solutions. Its capabilities span the application development; systems integration and IT support services.
GNSI was started in 1995 by Ori Reiss, Founder and CEO, and is headquartered in Rockville, Maryland.
KippsDeSanto & Co. Advises Commonwealth Technology on its Sale to MacAulay-Brown, Inc.
KippsDeSanto & Co. is pleased to announce the acquisition of our client, Commonwealth Technology, Inc. (“CTI” or “the Company”), by MacAulay-Brown, Inc. (“MacB”). The acquisition provides additional engineering capabilities to MacB and further expands its customer offering and footprint within the intelligence and special operations communities.
Headquartered in Alexandria, VA, CTI is an industry-leading provider of technology and mission support solutions in support of several highly-classified and sensitive tactical signals intelligence (“SIGINT”) and human intelligence (“HUMINT”) operations. CTI’s niche hardware solutions and software services tackle complex customer requirements in areas such as reverse engineering, business data management, cyber targeting, sensor and surveillance integration, molding and fabrication, and communications and antenna design. Since CTI’s inception over 45 years ago, the Company has nurtured a culture of continuous innovation toward providing quick reaction solutions to complex operational problems, and is regarded by its customers as a key support element for ongoing, mission-critical national security and intelligence initiatives.
We believe this transaction demonstrates several key trends in the national security and defense technology M&A sector:
- Attractiveness of differentiated solutions in mission-critical “hot-lane” markets (e.g., cybersecurity, intelligence, and special operations)
- Importance of prime positions on large, well-funded programs that are deemed essential to the customer mission
- Trusted customer relationships and touch points within the intelligence community (“IC”) prove valuable for buyers looking to establish / expand footprint within the space
- Scarcity value of thought leadership married with technology development and production capabilities; going beyond services in order to deliver true value-added solutions
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
KippsDeSanto & Co. Advises RNSolutions, Inc. on its Sale to Dovel Technologies
KippsDeSanto & Co. is pleased to announce the acquisition of our client, RNSolutions, Inc. (“RNSolutions” or “the Company”), by Dovel Technologies (“Dovel”). The acquisition of RNSolutions will enable Dovel to expand its high-end technology solutions offerings in key Department of Health and Human Services (“HHS”) customer bases, such as the National Institutes of Health and the Food and Drug Administration, and positions the combined business as a market leader in Federal Health Information Technology (“HIT”).
Headquartered in Rockville, MD, RNSolutions is a leading provider of software application development and emerging technology solutions in the areas of enterprise wide grants management
services and HIT. With 15 years of experience serving Federal healthcare customers, the Company has developed deep expertise in providing enterprise-class infrastructure support across the software development lifecycle, to include web applications development, database management, enterprise architecture, and operations and maintenance.
RNSolutions developed the flagship GrantSolutions program for Federal enterprise-wide grants management. As the developer of GrantSolutions, RNSolutions sits at the center of the HHS Administration for Children and Families’ Grants Center of Excellence and has been widely recognized as a trusted partner for the development and operation of comprehensive transactional IT systems for Federal customers. Incorporating elements of cloud computing, open source platforms, and business intelligence, the Company’s GrantSolutions platform processes grants across 40 partner agencies, to include the Centers for Medicaid and Medicare Services, the Centers for Disease Control and Prevention, and the Health Resources and Services Administration.
We believe this transaction demonstrates several key trends in the government technology solutions M&A sector:
- Continued buyer emphasis on strong funding environments and priority customer areas, including HIT, big data, and cloud
- Target companies possessing focus and depth, within customers and / or capabilities, that accelerate a buyer’s strategic growth objectives are highly attractive
- Importance of being on the front-end of well-funded, long-term prime contracts
- Mid-sized companies increasingly looking at M&A as a means to create scale and expand breadth and depth of customers and capabilities to better position themselves
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
Dovel Technologies Acquires RNSolutions
Complimentary capabilities, customers, and approaches lead to merger of innovative Health IT solution providers
McLean, VA, May 12, 2014 – Dovel Technologies, a leader in software application development and emerging information technology solutions, announced today they have acquired Rockville-based RNSolutions. The acquisition expands Dovel’s footprint in the federal Health IT space.
RNSolutions is a leading federal contractor that assists customers through the use of best practices and practical technology solutions to meet their strategic goals. Their mission-specific services touch many of the Operational Divisions of the U.S. Department of Health and Human Services and many other federal agencies. RNSolutions executes the prime contract for the Health and Human Services Administration for Children and Families (ACF) Center of Excellence Program that is the largest enterprise-wide grants management system in the federal government. The RNSolutions team developed the GrantSolutions program that is used across over 40 federal partner agencies.
Dovel provides software development and support to modernization of IT throughout HHS and the Food and Drug Administration (FDA), including software development and program management support to FDA’s Emergency Operations Network (EON) and Laboratory Information Management Systems (LIMS). In addition, Dovel provides end-to-end technology lifecycle services to other civilian agency’s including Federal Aviation Administration, Department of Education, and the U.S. Securities and Exchange Commission.
“As we began understanding RNSolutions it became abundantly clear that the passion for innovation, dedication to customer service, company culture and shared values of our organizations were clearly aligned.” said Paul Leslie, CEO, Dovel. “The complementary skills and increased technical competencies of the combined organization will allow for significant growth potential, the opportunity to expand our technology thought leadership to our customers and most importantly to provide enhanced career opportunities to all our employees.”
“Acquisitions are part of Dovel’s growth strategy and we feel that this transaction is a great fit for both companies,” added Dov and Elma Levy, Dovel’s founders.
RNSolutions CEO Richard Somwaru, and the entire RNSolutions team, will stay on with Dovel following the transaction. Dovel plans on maintaining the RNSolutions office space in Rockville, Maryland. The close proximity to the FDA and Maryland’s Health Technology business corridor will benefit Dovel’s stated growth strategies.
“Joining Dovel Technologies really jump starts our plans to mature and grow to the next level. said Somwaru. “I am really excited about the opportunity to work with Paul and the Dovel team, integrating our businesses and expanding our opportunities to really make a difference providing technology thought leadership and critical solutions to our customers.”
About Dovel Technologies
Dovel Technologies empowers customer missions through innovative technology solutions. Dovel-developed solutions process, communicate, and store mission critical information for clients including the Food and Drug Administration, Department of Defense, Department of Education, and the Federal Aviation Administration. Dovel has been appraised at CMMI® level 3 and its annual quality report receives accolades from industry leaders such as Capers Jones, who has listed Dovel in the category of ”Companies That Utilize Best Practices” along with IBM, Amazon, Google, and Apple. To learn more visit www.doveltech.com.
Contact:
Piper Conrad
piper.conrad@gmail.com
571-499-3718
KippsDeSanto & Co. Advises 7Delta on Its Sale to ManTech International Corporation
KippsDeSanto & Co. is pleased to announce the acquisition of our client, 7Delta, Inc. (“7Delta” or the “Company”), by ManTech International Corporation (“ManTech”). The acquisition provides additional Healthcare Information Technology (“HIT”) capabilities to ManTech and further expands its Federal healthcare presence into the Department of Veterans Affairs (“VA”).
Headquartered in Columbia, MD, 7Delta is a leading provider of application development, program management, and enterprise IT solutions, principally for the VA. The Company has significant domain expertise over critical components of both the legacy and modernized systems of the VA’s IT infrastructure. 7Delta utilizes a unique service delivery model built around agile software development and service-oriented architecture, as well as a cadre of ScrumMaster-Certified professionals, among other technical experts.
7Delta’s strong past performance within the VA resulted in a prime award on the Department’s Transformation Twenty-One Total Technology (“T4”) acquisition program, and to date, the Company has been awarded more task orders than any other prime contractor on the vehicle.
As a key addition to ManTech’s HIT strategy, 7Delta provides access to a new customer set to expand on its healthcare presence in the Department of Defense and Health and Human Services. In addition, 7Delta will benefit from ManTech’s breadth of IT capabilities in order to enhance its support to the veteran population and the VA’s efforts to modernize its IT systems, applications, and processes.
We believe this transaction demonstrates several key trends in the government services M&A environment:
- Strategic buyers continue to target M&A opportunities that address strategic gaps, especially in well-funded markets such as HIT
- Differentiation remains paramount to attracting acquisition interest, whether it is technology, intellectual property, customer access, or business development
- Prime positions on large, long-term contract vehicles that transition to the acquirer drive value; however, buyers and investors are increasingly focused on companies with strong past performance, customer relationships, and a track record of awards under these vehicles
- Given improved budget and funding visibility in the Federal market, strategic buyers are increasingly focused on deploying capital through acquisitions, especially for larger targets
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
ManTech Completes Acquisition of 7Delta, Inc.
Acquisition Continues ManTech’s Investment in Healthcare and Life Sciences Market
FAIRFAX, Va., May 27, 2014 (GLOBE NEWSWIRE) — ManTech International Corporation (Nasdaq:MANT) has completed the acquisition of 7Delta, Inc., a progressive company performing applications and software development, program management, systems integration, information assurance, and security architecture services primarily within the healthcare community at the Department of Veterans Affairs (VA).
The acquisition enables ManTech to deliver services through 7Delta’s prime position on the VA’s Transformation Twenty-One Total Technology (T4) program. The T4 program is a 5-year indefinite delivery, indefinite quantity (IDIQ) contract to help the VA transform its Information Technology (IT) programs. 7Delta has been awarded more T4 task orders than any other T4 prime contractor.
“We welcome the employees and customers of 7Delta to ManTech,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “This acquisition significantly enhances our healthcare presence, giving us access to a growing market at VA. We are now one of the leading providers of federal healthcare IT solutions and services.”
7Delta becomes a part of ManTech’s Mission Solutions & Services Group, led by Daniel J. Keefe. Mr. Keefe said, “7Delta’s innovative technology management solutions and capabilities fit well with our existing healthcare IT business. With strong capability and presence across the entire spectrum of federal healthcare, ManTech is well positioned to modernize and integrate the electronic health record systems across the federal government.”
ManTech funded the acquisition primarily from cash on hand with minimal funding from its existing line of credit. Consistent with the forward guidance given on April 30, 2014, the company expects 7Delta to contribute approximately $50 million in revenues and $5 million to its earnings before interest, taxes, depreciation, and amortization (EBITDA) in fiscal year 2014, excluding the cash tax deferral associated with the 338(h)(10) election.
About ManTech International Corporation
ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the Departments of Defense, State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigation (FBI); the healthcare and space communities; and other U.S. federal government customers. We provide support to critical national security programs for approximately 50 federal agencies through over 1,000 current contracts. Our services include the following solution sets that are aligned with the long-term needs of our customers: cyber security; information technology (IT) modernization and sustainment; intelligence/counter-intelligence solutions and support; systems engineering; healthcare analytics and IT; test and evaluation; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and services; environmental, range and sustainability services; training services; and global logistics support. We support major national missions, such as military readiness and wellness, terrorist threat detection, information security and border protection. Additional information on ManTech can be found at www.mantech.com.
KippsDeSanto & Co. Advises OnPoint Consulting on its Sale to Sapient®
KippsDeSanto & Co. is pleased to present the attached press release announcing the acquisition of our client, OnPoint Consulting, Inc. (“OnPoint” or the “Company”), by Sapient Government Services, part of Sapient (NASDAQ: SAPE). The announced acquisition will expand Sapient Government Services’ federal presence by advancing its unique ability to craft innovative solutions for government, nonprofits, and non-governmental organizations.
Headquartered in Arlington, VA, OnPoint is a leading provider of technology and management consulting solutions in the areas of cybersecurity, enterprise architecture, and infrastructure systems. With 19 years of experience providing technology-related services to Federal agencies, the Company is adept at implementing risk management, design and development, and configuration management solutions. Its track record of providing value-added services to Federal agencies earned the Company a highly-coveted prime position on the $20 billion National Institutes of Health Chief Information Officers – Solutions and Partners 3 vehicle.
As an integral part of Sapient Government Services, OnPoint will continue to strengthen its growth and positioning on existing contracts and become a leading solutions provider to the federal government. At the same time, OnPoint’s extensive past performance within the civilian and defense sectors will further establish and strengthen Sapient Government Services’ position as a strategic provider to the government and expand its customer base to include the Department of Energy, Department of State, Department of Transportation, Department of Treasury, Department of Defense, Department of Agriculture, and the Securities and Exchange Commission.
We believe this transaction demonstrates several key trends in the government services M&A environment:
- Buyers seek targets on the front-end of key contract vehicles and programs that provide strong organic growth potential
- Strong buyer appetite for companies with diverse customer bases that not only complement their own customer base, but also allow the buyer to provide higher-end service offerings to market segments with strong potential for future growth
- Cybersecurity remains a key capability buyers seek when evaluating acquisition targets
- Continued interest in entering the Federal sector by non-traditional buyers
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
PRESS RELEASE
Sapient Expands Government Services Footprint Through Acquisition of OnPoint
Addition Strengthens Sapient’s Government Division, Extends Digital Innovation Leader’s Ability to Transform How Public Service Operates and Contributes
BOSTON AND WASHINGTON, DC – February 10, 2014 – Sapient Government Services, part of Sapient (NASDAQ: SAPE), today announced its acquisition of OnPoint Consulting, Inc. (OnPoint), a vibrant, energetic, and growing ISO-registered technology and management consulting company that provides critical thinking, strategic analysis, and thought leadership to the United States Federal Government. The addition of OnPoint strengthens Sapient’s footprint in the government space and further extends Sapient Government Services’ unique ability to drive innovation that helps governments, nonprofits and non-governmental organizations (NGOs) keep pace in a rapidly changing environment.
Founded in 1994, with headquarters in Arlington, VA, OnPoint is a 100% federally-focused service provider with approximately 150 full time employees and a strong culture as evidenced by a 90+% annual employee retention rate. OnPoint works to develop, modernize, secure and operate the technology solutions that allow government agencies to perform their missions, while balancing the need for government to do more with less, manage risk, and keep pace with a high degree of change.
OnPoint is recognized for its leading work in the civilian and defense sectors of the United States Federal Government, with a client base that includes the Department of Energy, Department of State, Department of Transportation, Department of Treasury, Department of Defense, Department of Agriculture and the Securities and Exchange Commission. Their relationships within these agencies represent new clients for Sapient Government Services and as such both strengthen and further stabilize its position as a strategic service provider to the government.
In addition, OnPoint brings to Sapient Government Services strong and complementary capabilities that include infrastructure, cybersecurity, workforce productivity, micro-application development and managed security operations. These capabilities are built on a foundation of ISO-certified rigorous process management/improvement with a responsive operating model designed to help government evolve its operating and technology delivery model. This comes at a time when government must be both cost sensitive and focused on the future, as an increasingly digital operating environment is changing how government agencies operate.
“As technology rapidly reshapes the human experience, both at home and at work, governments, nonprofits and NGOs are looking for partners to help drive the innovation necessary to respond to these shifting requirements,” said Alan J. Herrick, president and CEO of Sapient. “Adding OnPoint’s complementary client base and capabilities in key emerging areas strengthens our government business, and allows us to continue doing work that has significant impact and contribution to our nation and our world.”
“The environment in which the federal government must evolve is transforming very rapidly. Public service institutions must learn to operate in an increasingly-connected world,” said Teresa Bozzelli, head of Sapient Government Services. “Sapient Government Services has a long history of helping our clients navigate complex and shifting environments. Together we are a powerful group of talented people dedicated to revolutionizing how public institutions realize their greatest impact, carry out their missions and create positive social change.”
OnPoint is engaged in high impact work that includes financial management services for the Department of Treasury, providing cyber defense across the National Nuclear Security Administration’s (NNSA) distributed federal enterprise, and managing systems that support more than 300 worldwide sites for the Department of State’s Bureau of Overseas Building Operations (OBO). This work is a powerful addition to the services being performed by Sapient Government Services, which include initiatives for the Department of Health and Human Services improving access to quality healthcare by matching clinicians with underserved communities, groundbreaking work for the U.S. Census Bureau developing mobile applications that provide immediate access to government data to improve decision making across all areas of life, as well as breakthrough initiatives helping governments and nonprofits engage, educate and recruit target audiences such as teens and the new millennial workforce.
“We are thrilled to join the Sapient family. Our culture and values align around a mutual ambition to have a positive impact on the nation and its people,” said Mike Agrillo, executive vice president of OnPoint. “By integrating our diverse capabilities and assets, we are better able to help organizations have maximum impact in improving the role of the federal government and the resulting experience of the workers that carry out strategic missions central to the advancement of the nations, communities and citizens they serve.”
KippsDeSanto & Co. acted as exclusive financial advisor to OnPoint in this transaction.
About Sapient Government Services
Sapient Government Services, part of Sapient®, is a leading global provider of consulting, technology, and marketing services to governmental agencies, non-profit and non-governmental organizations. Focused on driving long-term change and transforming the citizen experience, we use technology to help clients become more accessible and transparent. With a track record of innovative solutions and the ability to leverage commercial best practices, we are trusted advisors to organizations including the Department of Defense, Department of Transportation, National Institutes of Health, United States Department of Health and Human Services, and United States Department of Homeland Security. For more information, visit www.sapient.com or follow us on Twitter @sapientgov.
About OnPoint
OnPoint is a technology consulting firm that helps its federal customers get ahead of IT by providing critical thinking, strategic analysis, and thought leadership to improve performance, lower costs, and achieve results. The company’s commitment to improvement is expressed in its ISO 9001:2008, ISO 20000-1:2011, ISO 27001:2005 certifications and CMMI Maturity Level 3 rating. OnPoint provides solutions in IT infrastructure, enterprise systems, and cybersecurity for agencies throughout the federal government.
