Author: Mary-Louise Hoffman|| Date Published: January 25, 2017
Booz Allen Hamilton (NYSE: BAH) has concluded its acquisition of Aquilent, also known as eGov Holdings, as part of efforts to grow digital service offerings for the federal sector.
Both companies first announced the $250 million deal in November and Booz Allen said Tuesday it estimates that Laurel, Maryland-based Aquilent will contribute nearly $20 million to fiscal 2017 revenue.
Aquilent divested its SeaPort-e Portal support contract with the U.S. Navy to a third party in order to prevent conflicts of interest as a result of the company’s integration into Booz Allen, which currently holds a prime position on the service branch’s procurement vehicle for a variety of support services.
The contract divestiture covers data, code rights, related assets and roughly 30 contractor personnel and is not projected to affect the companies’ synergy.
Booz Allen said it also seeks to provide mobile, cloud and modular technology services to customers with the use of agile, open source and DevOps methods.
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Booz Allen Hamilton (NYSE: BAH) has concluded its acquisition of Aquilent, also known as eGov Holdings, as part of efforts to grow digital service offerings for the federal sector.
