KippsDeSanto & Co. Advises ASM Research, Inc. on its Sale to Accenture
KippsDeSanto & Co. is pleased to announce the acquisition of our client, ASM Research, Inc. (“ASM” or the “Company”), by Accenture Federal Services (“Accenture”), a subsidiary of Accenture plc. The acquisition of ASM will enable Accenture to expand its high-end service offerings in key Department of Defense (“DoD”) and Department of Veterans Affairs (“VA”) customer bases, as well as better support customers across North America in its growing healthcare business.
Headquartered in Fairfax, VA, ASM is an industry-leading provider of advanced information solutions and services to U.S. Defense and Federal health customers. With over 30 years of experience serving the U.S. government, the Company has developed deep expertise in health Information Technology (“IT”), cybersecurity, data analytics, cloud computing, data warehousing, human capital management and benefit solutions, and agile software development. For many of its major programs, including the Army Training Requirements and Resources System (“ATRRS”), the premier training management system for the U.S. Army, ASM developed the original system and continues to provide technology insertions, enhancements, and support services to the programs that remain mission critical to this day.
ASM has also become a key member of the VA’s Transformation Twenty-One Total Technology (“T4”) acquisition program, during a time when the VA continues to invest heavily in health IT solutions. As a prime contractor on the T4 indefinite delivery, indefinite quantity (“IDIQ”) vehicle, ASM is playing a central role in supporting the VA’s IT modernization efforts with a specific focus on application and software development. Through the partnership with Accenture, ASM expects to deliver even greater value to the VA, as well as identify further avenues for growth, as Accenture’s global healthcare business serves a global client base in the payer, provider, and public health sectors in more than 20 countries.
We believe this transaction demonstrates several key trends in the government services M&A environment:
- Strong buyer appetite for companies well-positioned within mission-critical programs, and oriented toward those market segments anticipating strong future growth, such as health IT and big data
- Buyers seek targets on the front-end of key contract vehicles and programs that provide strong revenue visibility and organic growth potential
- Strategic buyers continue to see M&A as a primary avenue to fill gaps in contract, capabilities, and customer bases
- Buyers continue to seek targets with a strong growth potential evidenced by a robust, actionable pipeline supported by a highly-sophisticated, mature, professional infrastructure able to scale alongside growth
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
Accenture Completes Acquisition of ASM Research to Expand U.S. Defense and Federal Health Business
Arlington, Va. – Sept. 18, 2013 – In a move to strategically expand its U.S. defense business in the growing military health market, Accenture Federal Services (AFS) has completed its acquisition of ASM Research. ASM Research, an Accenture Federal Services Company, is a wholly owned subsidiary of AFS. Terms of the transaction were not disclosed.
With the acquisition, Accenture expands the offerings and value it provides to U.S. Department of Defense (DoD) and Veterans Affairs (VA), delivering compelling clinical benefits and business solutions to federal defense and military health agencies experiencing a once-in-a-generation modernization. These clients will benefit from deep mission knowledge, experience in providing electronic health records, healthcare integration, interoperability and commercial best practices that ASM, together with AFS, are uniquely qualified to address.
“Transforming healthcare at the federal level requires close alignment with the private sector, as much of the healthcare for active duty and retired service members comes from private companies,” said Jim Traficant, president of ASM Research and a managing director at Accenture Federal Services. “Our combined expertise in technology, healthcare, systems infrastructure, and mission knowledge uniquely positions us to meet the government’s ‘healthcare readiness’ challenge.”
ASM Research, an Accenture Federal Services Company, is headquartered in Fairfax, Va., and has more than three decades of government experience and expertise in healthcare IT, information solutions and services, data analytics, cloud, data warehousing, human capital management and benefit solutions and agile software development.
Accenture Federal Services is a U.S. company, with offices in Arlington, Va., and is a wholly owned subsidiary of Accenture LLP. Accenture’s federal business serves every cabinet-level department and 20 of the largest federal organizations with clients at defense, intelligence, public safety and civilian agencies.
Learn more about Accenture’s work with federal agencies, its Insight Driven Health, its global defense work and its global program, Delivering Public Service for the Future.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 266,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012.