Home / M&A Activity / Tech Staffing Firm Kavaliro Buys Salient’s Fannie Mae Program; Mark Moore Comments

Tech Staffing Firm Kavaliro Buys Salient’s Fannie Mae Program; Mark Moore Comments

Kavaliro_GovConWireTechnology and IT staffing firm Kavaliro has acquired the Fannie Mae program from Salient Federal Solutions for an undisclosed amount, Kavaliro said Wednesday.SalientLogo

Kavaliro obtains Salient’s 58 employees working on the program and contractual resources affiliated with the program, for which Salient has been working for 15 years.

Kavaliro President Mark Moore said the company wanted to add the program so it could expand into that market.

The company said another goal of the acquisition is to bring in new mid-Atlantic region customers and grow its technology and financial staff augmentation business.

Program staff members have experience in implementing Microsoft.Net and Java technologies, the company said.

According to the Orlando Business Journal, Kavaliro has 373 employees and attained $20 million in 2012 revenue.

Salient announced an acquisition of its own in November 2012, picking up software firm LIST Innovative Solutions Inc. and adding positions on blanket purchase agreements with the U.S. Office of Personnel Management and the Patent and Trademark Office.

Check Also

Leidos Wins Navy Synthetic Signature Generation Trainer Contract

Leidos (NYSE: LDOS) has won a potential three-year, $63M contract to develop, engineer and integrate a training system based on synthetic signature generation technology for the U.S. Navy. The company will also help the service brancg test, implement and maintain the SSG trainer as part of the cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Tuesday.

Bechtel Wins $383M Contract to Design, Build NASA’s Second Mobile Launcher

Bechtel has been awarded a 44-month, $383M contract to design, construct, test and commission a second mobile launcher at NASA's Kennedy Space Center. NASA said Wednesday it will use the ML2 to assemble, process and launch the Space Launch System rocket with the Orion spacecraft on missions moon and Mars. The platform will be built to support KSC's exploration ground systems.