Transactions

August 22 2019

KippsDeSanto & Co. Advises Data Works on its sale to E3 Federal Solutions/Sentinel, a NewSpring Holdings Company

KippsDeSanto & Co. is pleased to announce the sale of Data Works, Inc. (“Data Works” or the “Company”) to E3 Federal Solutions | Sentinel (“E3/Sentinel”), a NewSpring Holdings Company.

Headquartered in Reston, VA, Data Works is a leading provider of mission analytics, big data, and rapid software development solutions to the Intelligence Community (“IC”).  The Company has established significant past performance with its intimate knowledge of the development of big data systems used to organize and analyze vast amounts of mission critical data.  Data Works delivers end-to-end enterprise data management solutions addressing the challenges of capturing, transforming, and delivering data to support Intelligence clients.

The combination of the two firms allows E3/Sentinel to expand its data engineering, advanced analytics,  and software development capabilities for all its federal government clients.  The acquisition of Data Works also brings dynamic intelligence customers that the combined entity can better support and service.  The combined entity consists of over 650 experienced and dedicated employees that provide solutions including: digital transformation and innovation, project and portfolio management, mission analytics and strategic advisory, and engineering and technical services.

We believe this investment demonstrates several key trends in the government services environment:

• Continued demand for high-growth IC-oriented firms with sustainable profitability;

• Buyers and investors are increasingly focused on companies with strong past performance, customer relationships, unrestricted contracts, and near-term revenue visibility; and

• Increasing M&A activity by private equity – via new platforms and add-ons to existing portfolio companies

LEAD INVESTMENT BANKERS

KippsDeSanto & Co. is pleased to announce the sale of Data Works, Inc. (“Data Works” or the “Company”) to E3 Federal Solutions | Sentinel (“E3/Sentinel”), a NewSpring Holdings Company.

Headquartered in Reston, VA, Data Works is a leading provider of mission analytics, big data, and rapid software development solutions to the Intelligence Community (“IC”).  The Company has established significant past performance with its intimate knowledge of the development of big data systems used to organize and analyze vast amounts of mission critical data.  Data Works delivers end-to-end enterprise data management solutions addressing the challenges of capturing, transforming, and delivering data to support Intelligence clients.

The combination of the two firms allows E3/Sentinel to expand its data engineering, advanced analytics,  and software development capabilities for all its federal government clients.  The acquisition of Data Works also brings dynamic intelligence customers that the combined entity can better support and service.  The combined entity consists of over 650 experienced and dedicated employees that provide solutions including: digital transformation and innovation, project and portfolio management, mission analytics and strategic advisory, and engineering and technical services.

We believe this investment demonstrates several key trends in the government services environment:

• Continued demand for high-growth IC-oriented firms with sustainable profitability;

• Buyers and investors are increasingly focused on companies with strong past performance, customer relationships, unrestricted contracts, and near-term revenue visibility; and

• Increasing M&A activity by private equity – via new platforms and add-ons to existing portfolio companies

LEAD INVESTMENT BANKERS