Godspeed Capital Management, a private equity firm focusing on defense and government services and technology companies, has acquired Savli Group, a ServiceNow consulting firm based in Woodbine, MD.
The deal with Savli represents Godspeed’s third acquisition in three weeks, recently acquired by Varen Technologies and Exceptional Software Strategies. The three newly acquired companies will be part of a recently created cyber and technology solutions platform holding company focusing on U.S. defense and intelligence community agencies.
“We are proud to join this platform in conjunction with Varen Technologies and ESS, where Godspeed’s strategic playbook and resources will allow us to work with other expert providers of government-related technology solutions while continuing we are meeting the evolving needs of the US Intelligence Community, ”said Vishal Desai, president of Savli.
Savli was founded in 1996 by Desai, a former NASA Engineer. The company is a ServiceNow Elite Partner supporting commercial and government clients, including customers of the U.S. intelligence community. Savli provides a range of services for popular workflow software, including strategy, implementation, and integration.
The Maryland -based company has more than 20 professionals.
“We are excited to partner with Vishal and the entire Savli team, whose end-to-end ServiceNow Software and Information Technology solutions are essential tools for the U.S. Intelligence Community,” said Douglas Lake, Jr., founder and managing partner of Godspeed Capital. “By combining Savli’s expertise in Varen Technologies and ESS, our fast-growing platform is well positioned to grow and expand its continuum of innovative services and solutions.”
Godspeed launched in 2020 and targets controlling investments in businesses generating between $ 3 million to $ 30 million in Ebitda. The Washington, DC-based company focuses on buyouts, buy-and-builds, corporate carve-outs, and special situations.
Godspeed’s other portfolio companies are a trio of design and engineering companies: Ascent, Austin Brockenbrough, and Prime Engineering.