Transactions
December 21 2012
KippsDeSanto & Co. Advises IDL Solutions, Inc. on its Sale to CACI International, Inc.
KippsDeSanto & Co. is pleased to announce the acquisition of our client, IDL Solutions, Inc. (“IDL”), by CACI International, Inc. (“CACI”). IDL will fall under CACI’s newly formed Federal Civilian Solutions business group, and complements its November 2012 acquisition of healthcare IT (“HIT”) provider, Emergint Technologies, Inc. The acquisition will enable CACI to expand its presence in the $33.5 billion addressable healthcare market and the Federal health insurance area in particular. This marked KippsDeSanto’s fifth Federal HIT transaction in 2012.
Headquartered in Germantown, WI, with Federal offices in Reston, VA, IDL is an industry-leading SEI CMMI Level 3 IT services company specializing in “big data” analytics, application development, and business process management primarily for the HIT services market. IDL’s main customer is the Centers for Medicare and Medicaid Services (“CMS”) within the Department of Health and Human Services (“HHS”), for which the Company possesses the Enterprise System Development (“ESD”) vehicle and provides direct mission-critical support by addressing data collection, storage, analysis, and dissemination needs, associated with the administration of Medicare, Medicaid, and other related public health programs. With a firm presence in five of CMS’ seven organizational centers, IDL possesses a strong understanding of the customer’s needs on an enterprise level and is well positioned to be at the forefront of future requirements. IDL also holds major contract vehicles and relationships with the Food and Drug Administration (“FDA”), National Institutes of Health (“NIH”), and other strategic civilian agencies, providing further growth opportunities.
Customers desire to partner with IDL given its proven track record of success, highly talented and experienced professionals, and advanced technology competencies. In particular, IDL’s “big data” capabilities enable healthcare customers to turn large volumes of data into actionable intelligence, improve customer service, minimize fraudulent activities, and promote better patient care. Leveraging its expertise in addressing these market challenges, IDL has successfully established itself as a leader within the Federal HIT market and is poised to capitalize on growing needs in business intelligence, data analytics, and data warehousing.
We believe this transaction demonstrates several key trends in the government technology M&A environment:
• Strong buyer appetite for companies well-positioned with mission-oriented customers, and oriented toward those market segments anticipating strong future growth, such as HIT, big data, and cyber and intelligence.
• Strategic buyers continue to target M&A opportunities that address strategic gaps or augment an existing presence with substantive depth in those priority areas.
• Given macro-economic and Federal budget uncertainty, buyers seek targets with sustainable growth potential evidenced by actionable new business opportunities.
• Continued emphasis on and attraction to high value, long-term contracts and contracting vehicles (e.g., CMS ESD).
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. For more information on this particular transaction, please contact one of the deal team leaders below.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
KippsDeSanto & Co. is pleased to announce the acquisition of our client, IDL Solutions, Inc. (“IDL”), by CACI International, Inc. (“CACI”). IDL will fall under CACI’s newly formed Federal Civilian Solutions business group, and complements its November 2012 acquisition of healthcare IT (“HIT”) provider, Emergint Technologies, Inc. The acquisition will enable CACI to expand its presence in the $33.5 billion addressable healthcare market and the Federal health insurance area in particular. This marked KippsDeSanto’s fifth Federal HIT transaction in 2012.
Headquartered in Germantown, WI, with Federal offices in Reston, VA, IDL is an industry-leading SEI CMMI Level 3 IT services company specializing in “big data” analytics, application development, and business process management primarily for the HIT services market. IDL’s main customer is the Centers for Medicare and Medicaid Services (“CMS”) within the Department of Health and Human Services (“HHS”), for which the Company possesses the Enterprise System Development (“ESD”) vehicle and provides direct mission-critical support by addressing data collection, storage, analysis, and dissemination needs, associated with the administration of Medicare, Medicaid, and other related public health programs. With a firm presence in five of CMS’ seven organizational centers, IDL possesses a strong understanding of the customer’s needs on an enterprise level and is well positioned to be at the forefront of future requirements. IDL also holds major contract vehicles and relationships with the Food and Drug Administration (“FDA”), National Institutes of Health (“NIH”), and other strategic civilian agencies, providing further growth opportunities.
Customers desire to partner with IDL given its proven track record of success, highly talented and experienced professionals, and advanced technology competencies. In particular, IDL’s “big data” capabilities enable healthcare customers to turn large volumes of data into actionable intelligence, improve customer service, minimize fraudulent activities, and promote better patient care. Leveraging its expertise in addressing these market challenges, IDL has successfully established itself as a leader within the Federal HIT market and is poised to capitalize on growing needs in business intelligence, data analytics, and data warehousing.
We believe this transaction demonstrates several key trends in the government technology M&A environment:
• Strong buyer appetite for companies well-positioned with mission-oriented customers, and oriented toward those market segments anticipating strong future growth, such as HIT, big data, and cyber and intelligence.
• Strategic buyers continue to target M&A opportunities that address strategic gaps or augment an existing presence with substantive depth in those priority areas.
• Given macro-economic and Federal budget uncertainty, buyers seek targets with sustainable growth potential evidenced by actionable new business opportunities.
• Continued emphasis on and attraction to high value, long-term contracts and contracting vehicles (e.g., CMS ESD).
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. For more information on this particular transaction, please contact one of the deal team leaders below.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
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