Transactions
April 21 2020
KippsDeSanto & Co. Advises TeraThink on its Sale to CGI, Inc
KippsDeSanto & Co. is pleased to announce the sale of its client, TeraThink Corporation (“TeraThink” or the “Company”), to CGI, Inc. (“CGI”).
Headquartered in Reston, VA, TeraThink is a purpose-built digital transformation, ERP implementation, and technology solutions provider specializing in automation, agile development, enterprise application technologies, data analytics, optimization, and cloud computing. TeraThink delivers digital transformations by modernizing and integrating mainstream IT and deploying digital solutions at scale to produce better business outcomes for federal civilian, national security, and defense customers. The Company merged with Dominion Consulting in November 2017.
This acquisition strengthens CGI Federal’s position as an end-to-end enterprise application services provider with the additional management consulting and digital transformation capabilities that TeraThink brings to the table.
We believe this acquisition demonstrates several key trends in the government services market:
• Strong demand for technology-driven, next-generation IT service companies;
• Importance of a full and open contract profile with visible backlog;
• Focus on high-growth businesses with proven scale, relevant past performance, and sustainable, recurring revenue and profitability; and
• Significant value attributed to deeply-embedded customer relationships and market know-how
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
KippsDeSanto & Co. is pleased to announce the sale of its client, TeraThink Corporation (“TeraThink” or the “Company”), to CGI, Inc. (“CGI”).
Headquartered in Reston, VA, TeraThink is a purpose-built digital transformation, ERP implementation, and technology solutions provider specializing in automation, agile development, enterprise application technologies, data analytics, optimization, and cloud computing. TeraThink delivers digital transformations by modernizing and integrating mainstream IT and deploying digital solutions at scale to produce better business outcomes for federal civilian, national security, and defense customers. The Company merged with Dominion Consulting in November 2017.
This acquisition strengthens CGI Federal’s position as an end-to-end enterprise application services provider with the additional management consulting and digital transformation capabilities that TeraThink brings to the table.
We believe this acquisition demonstrates several key trends in the government services market:
• Strong demand for technology-driven, next-generation IT service companies;
• Importance of a full and open contract profile with visible backlog;
• Focus on high-growth businesses with proven scale, relevant past performance, and sustainable, recurring revenue and profitability; and
• Significant value attributed to deeply-embedded customer relationships and market know-how
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
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