KippsDeSanto & Co. Advises Healthcare IT Firm Buccaneer Computer Systems & Service, Inc. on Its Sale to Vangent, Inc.
KippsDeSanto & Co. is pleased to announce the acquisition of our client, Buccaneer Computer Systems and Service, Inc. (“Buccaneer”), by Vangent, Inc. (“Vangent”), a portfolio company of Veritas Capital. Vangent acquired Buccaneer to deepen its IT infrastructure and data analytics capabilities, particularly in the government healthcare IT market. The transaction closed on September 15th, 2010.
Headquartered in Warrenton, VA, Buccaneer is a leading provider of IT services that enable federal healthcare organizations to operate more efficiently, effectively, and securely. The Company’s services include secure data hosting, IT laboratory operation and maintenance, and data mining & analytics, amongst other IT services. Buccaneer directly supports priority healthcare initiatives to reduce healthcare costs, increase quality of care, and widen availability of care. Key customers include the Centers for Medicare and Medicaid Services and Food & Drug Administration. Buccaneer has over 500 employees.
We believe this transaction represents a number of key trends in government technology M&A:
- Companies focused in health information technology remain at the forefront of industry acquisition criteria.
- High-growth companies are highly sought after in the context of today’s cautious budget environment.
- A thorough understanding of government contracting and small business preference programs by an experienced advisor team can facilitate competitive pricing and outcomes.
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. For more information on this particular transaction, please contact one of our senior professionals.