Investment firm The Acacia Group has acquired Intelligent Decisions and split the Ashburn, Virginia-based federal information technology contractor into two independent companies as part of its strategy to seek growth opportunities in the federal market.
One of the two companies – ID Technologies – will focus on products and combine technologies with acquisition strategies in support of government agencies’ missions and the other – Applied Insight – will operate as a professional services provider to help clients address technological challenges through its team of process and technology professionals, The Acacia Group said Tuesday.
Chris Oliver, formerly vice president of federal sales at Intelligent Decisions, will serve as president of ID Technologies.
Greg Walker, formerly Intelligent Decisions’ senior VP for professional services, will lead Applied Insight as president.
Each company will create their own strategies and partnerships as well as adopt a shared services model to pursue opportunities across cybersecurity, data analytics, internet of things, cloud, application development and mobility areas in support of federal government clients.
Gavin Long, partner at The Acacia Group, said the transaction aligns with the compay’s “enabling technology” investment strategy and seeks to leverage Intelligent Decisions’ employees that work in support of the intelligence community, defense and civilian agency clients.
“The federal space is particularly appealing as we see opportunities to invest in businesses that understand how people, process and technology can harmonize to positively impact the customer’s mission, and we look forward to announcing further additions to the Acacia portfolio in due course,” Long added.