Home / Financial Report / Dovel Eyes Federal Market Expansion Through Macquarie Partnership; Paul Leslie Quoted

Dovel Eyes Federal Market Expansion Through Macquarie Partnership; Paul Leslie Quoted

Paul Leslie

Macquarie Capital has made an investment in Dovel Technologies as part of a partnership with the McLean, Va.-based information technology services firm.

Dovel said Monday it will use the investment to expand its federal market presence across artificial intelligence, analytics, grants administration, scientific research and development and biomedical informatics areas.

“This new partnership enables us to aggressively pursue our long-term growth strategy for the business, explore market expansion through potential acquisitions, and have additional resources available to create new, differentiated solutions, services, and capabilities,” said Dovel CEO Paul Leslie.

Dovel Technologies support federal agency clients through the integration of technologies and deep domain expertise in health IT, grants management and life sciences markets. The company posted over $200M in annual revenues in 2018.

Macquarie Capital is Macquarie Group’s principal investment, advisory and capital markets arm.

Check Also

MC Dean Wins Potential $98M Navy IDIQ to Build Electronic Security, Emergency Mgmt Systems

M.C. Dean has secured a potential six-year, $98M contract to provide electronic security and emergency management systems for installation on shore facilities operated by the Department of Defense and U.S. federal government.

BGOV: Lockheed F-16, Raytheon Missile Tech In Demand Among Fiscal 2019 FMS Clients

The Raytheon-built (NYSE: RTN) AIM-120C-7 medium air-to-air missile and the F-16 fighter jet from Lockheed Martin (NYSE: LMT) were the most popular weapon systems the U.S. sold to allies in fiscal year 2019 through the foreign military sales program, Bloomberg Government reported Wednesday.