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.”
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