Home / Press Releases / Tom Romeo Sees Acentia IT Buy’s Transformative Role for Maximus

Tom Romeo Sees Acentia IT Buy’s Transformative Role for Maximus

Tom Romeo
Tom Romeo

TYSONS CORNER, VA March 12, 2015 — Executive Mosaic — Executive Biz reported Wednesday on Maximus Federal Division President Tom Romeo’s remarks regarding the transformative power of combining his company and Acentia’s capabilities.

Maximus announced Monday a definitive agreement to buy the Falls Church-headquartered technology contractor for $300 million in a cash transaction the company expects to conclude in its fiscal 2015 third quarter.

“We’ve had tremendous organic growth in the market, but we felt the need to shore up our IT capabilities, ” Romeo told the Washington Business Journal in an interview published Tuesday.

“It was the right time to make that move [to buy Acentia now]… I think this is very transformational.”

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
david.smith@executivemosaic.com

Check Also

Raytheon, Air Force Plan Operational Tests on StormBreaker Bomb in Summer

TYSONS CORNER, VA, July 17, 2018 — Raytheon (NYSE: RTN) and the U.S. Air Force …

General Dynamics to Help Develop Terminals for Telesat LEO Satellites; Manny Mora Comments

TYSONS CORNER, VA, July 17, 2018 — A General Dynamics (NYSE: GD) business unit has partnered …