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.

You may also be interested in...

Young Bang, Chief Growth Officer for Atlas Research

Atlas Joins DMI-Led Air Force Enterprise Transformation Contract Team; Young Bang Quoted

Atlas Research is part of a Digital Mobilizations Inc.-led team that won a position on a five-year, $990M contract vehicle to help the U.S. Air Force implement and manage enterprise transformation initiatives.

HIMARS launcher

State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.