Transactions
May 21 2014
KippsDeSanto & Co. Advises RNSolutions, Inc. on its Sale to Dovel Technologies
KippsDeSanto & Co. is pleased to announce the acquisition of our client, RNSolutions, Inc. (“RNSolutions” or “the Company”), by Dovel Technologies (“Dovel”). The acquisition of RNSolutions will enable Dovel to expand its high-end technology solutions offerings in key Department of Health and Human Services (“HHS”) customer bases, such as the National Institutes of Health and the Food and Drug Administration, and positions the combined business as a market leader in Federal Health Information Technology (“HIT”).
Headquartered in Rockville, MD, RNSolutions is a leading provider of software application development and emerging technology solutions in the areas of enterprise wide grants management
services and HIT. With 15 years of experience serving Federal healthcare customers, the Company has developed deep expertise in providing enterprise-class infrastructure support across the software development lifecycle, to include web applications development, database management, enterprise architecture, and operations and maintenance.
RNSolutions developed the flagship GrantSolutions program for Federal enterprise-wide grants management. As the developer of GrantSolutions, RNSolutions sits at the center of the HHS Administration for Children and Families’ Grants Center of Excellence and has been widely recognized as a trusted partner for the development and operation of comprehensive transactional IT systems for Federal customers. Incorporating elements of cloud computing, open source platforms, and business intelligence, the Company’s GrantSolutions platform processes grants across 40 partner agencies, to include the Centers for Medicaid and Medicare Services, the Centers for Disease Control and Prevention, and the Health Resources and Services Administration.
We believe this transaction demonstrates several key trends in the government technology solutions M&A sector:
• Continued buyer emphasis on strong funding environments and priority customer areas, including HIT, big data, and cloud
• Target companies possessing focus and depth, within customers and / or capabilities, that accelerate a buyer’s strategic growth objectives are highly attractive
• Importance of being on the front-end of well-funded, long-term prime contracts
• Mid-sized companies increasingly looking at M&A as a means to create scale and expand breadth and depth of customers and capabilities to better position themselves
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
Marc B. Marlin
KippsDeSanto & Co. is pleased to announce the acquisition of our client, RNSolutions, Inc. (“RNSolutions” or “the Company”), by Dovel Technologies (“Dovel”). The acquisition of RNSolutions will enable Dovel to expand its high-end technology solutions offerings in key Department of Health and Human Services (“HHS”) customer bases, such as the National Institutes of Health and the Food and Drug Administration, and positions the combined business as a market leader in Federal Health Information Technology (“HIT”).
Headquartered in Rockville, MD, RNSolutions is a leading provider of software application development and emerging technology solutions in the areas of enterprise wide grants management
services and HIT. With 15 years of experience serving Federal healthcare customers, the Company has developed deep expertise in providing enterprise-class infrastructure support across the software development lifecycle, to include web applications development, database management, enterprise architecture, and operations and maintenance.
RNSolutions developed the flagship GrantSolutions program for Federal enterprise-wide grants management. As the developer of GrantSolutions, RNSolutions sits at the center of the HHS Administration for Children and Families’ Grants Center of Excellence and has been widely recognized as a trusted partner for the development and operation of comprehensive transactional IT systems for Federal customers. Incorporating elements of cloud computing, open source platforms, and business intelligence, the Company’s GrantSolutions platform processes grants across 40 partner agencies, to include the Centers for Medicaid and Medicare Services, the Centers for Disease Control and Prevention, and the Health Resources and Services Administration.
We believe this transaction demonstrates several key trends in the government technology solutions M&A sector:
• Continued buyer emphasis on strong funding environments and priority customer areas, including HIT, big data, and cloud
• Target companies possessing focus and depth, within customers and / or capabilities, that accelerate a buyer’s strategic growth objectives are highly attractive
• Importance of being on the front-end of well-funded, long-term prime contracts
• Mid-sized companies increasingly looking at M&A as a means to create scale and expand breadth and depth of customers and capabilities to better position themselves
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
Marc B. Marlin
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