Kevin Phillips, CEO of ManTech International (Nasdaq: MANT), has said the company plans to grow its key capabilities through targeted acquisitions that would help support key clients and venture into emerging information technology areas, Inside Defense reported Friday.
“We made a conscious decision over the last four or five years that we were not going to focus on size,” he told the publication in an interview.
InfoZen is a “good example of the type of business that we’re looking for,” added Phillips, formerly president who was selected in December to succeed CEO George Pedersen.
ManTech closed in October its $180 million cash acquisition of Bethesda, Maryland-based IT platforms provider InfoZen in a push to expand its offerings for the federal civilian market.
The government IT services contractor will focus on cybersecurity, software engineering and development, big data and enterprise IT to achieve growth in the next three years, Phillips said.
He noted that the company aims to record approximately $2.5 billion in revenue by 2020.
ManTech’s sales rose from $1.55 billion in 2015 to $1.6 billion in 2016, the report added.