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

Perspecta Labs Recognized for Cybersecurity Innovations Under DARPA Program; Mac Curtis Quoted

Perspecta's (NYSE: PRSP) applied research arm has been selected to receive a 2019 Industry Innovator award for introducing three cybersecurity technology platforms through the Defense Advanced Research Projects Agency’s Rapid Attack Detection, Isolation and Characterization Systems program.

Boeing, Navy Conduct First MQ-25 Unmanned Tanker Test Flight

Boeing (NYSE: BA) and the U.S. Navy completed the initial flight test of the MQ-25 unmanned aerial refueling platform.