Cybersecurity and modernization technology provider ClearShark has acquired FedBiz IT, a government IT solutions provider. The financial terms of the deal were not disclosed.
This is technology M&A deal number 373 covered by ChannelE2E today in 2022. View more than 1,000 technology M&A deals involving MSPs, MSSPs, and IT service providers listed here.
ClearShark acquired FedBizIT
ClearShark is based in Hanover, Maryland and is an IT solutions provider focusing on cybersecurity, data center and cloud infrastructure, AI and data analytics and DevSecOps, the company said. ClearShark employs engineering talent and subject matter experts from the intelligence community, Department of Defense and Department of Energy, according to the company’s website.
FedBiz IT Solutions is a privately held SBA certified HUBZone, Economically Disadvantaged Women-Owned and Veteran-Owned Small Business that serves IT and emerging technology solutions to federal government clients, according to the company. FedBiz IT was founded in 2011 and is headquartered in Leesburg, Virginia.
The acquisition of FedBiz IT will add to the acquisition of contracts, management of contracts and compliance to the ClearShark portfolio. In addition, FedBiz IT’s current portfolio of contracts includes several widely used contracts including NASA SEWP V, Army ITES-SW2, Army ADMC-3 and SEC Blanket Order Agreement, among others, according to FedBizIT . FedBiz IT will operate as a wholly-owned subsidiary of ClearShark, the companies said.
Perspectives on Leadership
Brian Strosser, president, ClearShark
Nina Tiaga, CEO, FedBiz IT
Brian Strosser, President of ClearShark, commented on the news:
“The addition of FedBiz IT’s capability and portfolio of contracts is particularly complementary and a natural extension of ClearShark’s focus on architectural solutions that help Federal agencies drive their modernization and safeguarding efforts. against cybersecurity threats. “
Don Tiaga, president, and Nina Tiaga, CEO of FedBiz IT added:
“We are excited to be part of a high -performing company like ClearShark. This is an incredible opportunity to upgrade and expand our horizons in the Federal Government sector. Our employees have been the DNA of our success, and with their talent and experience, federal contracts, and the leadership of ClearShark’s highly successful team, we are confident we will be able to seize new opportunities in the future and remain at the forefront of market in this segment. ”
Government IT M&A activity
Merger and acquisition (M&A) activity involving government-focused IT service providers (ITSPs), MSPs, MSSPs, cybersecurity and technology consultancies has been steady to strong. Here’s a look at all the government IT M&A deals monitored by ChannelE2E. Some recent government IT acquisitions in 2022 include:
April 2022: DMI, backed by private equity firm OceanSound Partners, acquired Aurotech.
April 2022: NOWVertical acquired government cloud consultancy Allegient Defense.
March 2022: Booz Allen Hamilton acquired EverWatch from private equity firm Enlightenment Capital.
February 2022: Anser Advisory, backed by private equity firm Sterling Investment Partners, has acquired government IT consulting firm IntegrateIT.
January 2022: Private equity firm Godspeed Capital Management acquired Savli Group, a professional services partner of ServiceNow dedicated to federal government agencies.
January 2022: CACI acquired ID Technologies.
January 2022: Federal Advisory Partners acquired Favor TechConsulting (FTC).
January 2022: SolarWinds acquired government professional services company Monalytic.
January 2022: Godspeed Capital Management has acquired Exceptional Software Strategies, a professional services company dedicated to government cybersecurity and threat intelligence.
January 2022: Private equity firm Washington Harbor Partners (WHP) has acquired CollabraLink Technologies, a provider of government technology solutions.