Transactions
November 15 2021
KippsDeSanto & Co. Advises VariQ on its Sale to Capgemini Government Solutions LLC
KippsDeSanto & Co. is pleased to announce its role in the successful sale of its client, VariQ Corporation (“VariQ” or the “Company”), to Capgemini Government Solutions LLC, an independent operating division of Capgemini SE (ENXTPA:CAP) working with U.S. government agencies.
VariQ was founded in 2003 and serves as a provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States. These services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. Additionally, the company holds a digital transformation entity (Rivet Logic, acquired in 2020) which serves a set of commercial clients and would join forces with Capgemini in the U.S. to expand digital capabilities and key technology partners.
We believe this transaction highlights several key trends in the Government Technology Solutions (“GTS”) M&A market:
• Continued M&A demand for prime, Full-and-Open Best-in-Class vehicles
• Large public companies in the GTS market continue to supplement organic growth with strategic acquisitions of well positioned businesses with in-demand Next Gen IT capabilities
• Foreign buyers remain selective, seeking targets with access to high profile and well-funded U.S. Federal agencies
LEAD INVESTMENT BANKERS
Marc B. Marlin
Kate Troendle
KippsDeSanto & Co. is pleased to announce its role in the successful sale of its client, VariQ Corporation (“VariQ” or the “Company”), to Capgemini Government Solutions LLC, an independent operating division of Capgemini SE (ENXTPA:CAP) working with U.S. government agencies.
VariQ was founded in 2003 and serves as a provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States. These services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. Additionally, the company holds a digital transformation entity (Rivet Logic, acquired in 2020) which serves a set of commercial clients and would join forces with Capgemini in the U.S. to expand digital capabilities and key technology partners.
We believe this transaction highlights several key trends in the Government Technology Solutions (“GTS”) M&A market:
• Continued M&A demand for prime, Full-and-Open Best-in-Class vehicles
• Large public companies in the GTS market continue to supplement organic growth with strategic acquisitions of well positioned businesses with in-demand Next Gen IT capabilities
• Foreign buyers remain selective, seeking targets with access to high profile and well-funded U.S. Federal agencies
LEAD INVESTMENT BANKERS
Marc B. Marlin
Kate Troendle
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