Octo said Wednesday it assumed the support contract for the SeaPort-e electronic platform with the U.S. Navy before Booz Allen Hamilton (NYSE: BAH) completed the acquisition of Aquilent.
SeaPort-e is an electronic platform that works to help agencies under the Department of the Navy procure program management, engineering and financial management support services from at least 2, 400 multiple-award, indefinite-delivery/indefinite-quantity contract holders.
âWe are delighted to be working with the Navy on the SeaPort-e system and ensuring that the government has continued operational and modernization support for one of its core acquisition systems, â Octo CEO Mehul Sanghani said.
The service branch has awarded more than $70 billion in procurement contracts through the SeaPort-e portal, which is accessed by at least 9, 000 users and 10, 000 industry partners.