Dovel Technologies has acquired Reston, Va.-based government information technology services contractor Ace Info Solutions for an undisclosed sum in an effort to broaden market capabilities and diversify its client base.
“The addition of AceInfo enables us to continue the aggressive pursuit of our long-term growth strategy of market expansion and competitive positioning in the mid-tier market,” Dovel CEO Paul Leslie said in a statement published Wednesday.
“AceInfo adds complementary capabilities, a highly-skilled team of employees, and a diverse customer base that will help us advance our work in supporting the integration of emerging technologies with complex systems to manage data and information for more rapid decision making,” Leslie added.
Ace Info provides Agile software development, DevSecOps, data analytics, systems modernization, data center support, cloud engineering and other IT support services to federal agencies. It holds spots on several government-wide acquisition contracts and runs centers of excellence committed to bringing artificial intelligence, machine learning and other emerging technologies to customer environments.
The acquisition came four months after Dovel received an investment from Macquarie Capital to expand its federal market footprint across AI, analytics and other tech areas. Dovel supports agencies through its expertise and technologies in health IT, grants management and life sciences markets.
Through the transaction, Dovel will now operate with more than 2,200 scientists, technologists and support personnel to support federal clients’ IT modernization efforts.
Investment bank KippsDeSanto served as Ace Info’s financial adviser in the deal.