Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
4. ManTech
Company acquired: Edaptive Systems
Head count: 250 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Dec. 19
U.S. government powerhouse ManTech plans to pursue more IT business with the Centers for Medicare & Medicaid Services by purchasing Edaptive Systems.
The Herndon, Va.-based company, No. 29 on the 2016 CRN Solution Provider 500, said its acquisition of Owings Mills, Md.-based Edaptive Systems will allow it to double down on opportunities in the federal health-care space.
Edaptive was founded in 1999, and provides agile software development, testing and automation, business intelligence, data abstraction and IT services. The company is currently the prime contractor on 19 major deals totaling more than $500 million in life-cycle value, and has delivered more than 40 projects since its founding.
