Transactions
September 21 2013
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
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Brian T. Tunney
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
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Brian T. Tunney
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