Author: Ethan Hannigan|| Date Published: February 5, 2025
Private equity firm Digital Capital Partners has acquired Govplace, a secure IT products and services provider supporting federal agencies. Terms of the acquisition include retaining Govplace’s leadership team to ensure operational continuity.
The partnership deal, DigiCap’s first foray into the federal sector, aims to accelerate Govplace’s expansion in the federal IT marketplace, the Bethesda, Maryland-based company said Tuesday.
Accelerating Business Growth
DigiCap will help Govplace address the increasingly complex digital transformation challenges faced by federal agencies by advancing its core IT modernization, cybersecurity and operational optimization offerings.
“This partnership marks an exciting new chapter for our company. By joining forces with DigiCap, we’re not only expanding our technical capabilities but also reinforcing our commitment to the culture of excellence that has made us both a trusted federal partner and an exceptional place to work,” said Simone Feldman, CEO of Govplace.
Also commenting on the recent transaction, Jay Sunny Bajaj, founder and CEO of DigiCap, said, “Govplace brings a powerful combination of innovation, expertise and passion to its customers, and we are honored to partner with them in this next chapter of growth.”
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