The Tulsa, Oklahoma-based company said Tuesday the acquisition is the second investment made by Sovereign Capital, Cherokee Federal’s growth capital firm.
Advancing Cherokee Federal’s Growth
According to Cherokee Federal President Steven Bilby, the investment is part of the company’s long-term growth strategy.
“MSI’s leadership, track record and alignment with our vision reflect the transformative impact we aim for Sovereign Capital to bring to the federal marketplace,” said Bilby.
Enhancing Digital Modernization Capabilities
Through the move, Cherokee Federal integrates MSI’s capabilities in planning and executing digital modernization and other major transformation initiatives. MSI, founded in 2002, also offers process optimization, human capital, business transformation, robotic process automation and intelligent automation.
“We have matured and succeeded because of our deep commitment to service, innovation and client trust,” said Dan Heckman, MSI’s owner and CEO. “Partnering with Sovereign Capital and Cherokee Federal provides the resources and reach to take everything we have built to the next level, and I am energized about what lies ahead,” he added.
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