Acentia Purchases IT Firm InSysCo for Financial Services Market Push; Todd Stottlemyer Comments

acquisitionAcentia has acquired Fredericksburg, Va.-based information technology services provider InSysco for an undisclosed amount as part a strategy to grow financial services offerings to federal agencies.

InSysCo holds a prime position on the Treasury Department‘s Treasury Information Processing Support Services 4 contract vehicle and provides software development services to clients, Acentia said Tuesday.

Todd Stottlemyer, Acentia CEO,  said the company made the acquisition in an effort to expand its software development and IT systems modernization to financial-related customers in the federal market.

Danielle Johnson, InSysco president, will lead Acentia’s newly-established financial services sector as senior VP and sector executive.

The sector counts the Treasury, Internal Revenue Service and Securities and Exchange Commission as among its clients.

Johnson said nearly 150 InSysCo employees will join Acentia.

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