By combining Salient and CRGT
's respective track records of success across a more diverse federal cUStomer base with access to significant contract vehicles including Alliant, Encore, NIH CIO-SP3, DHS Eagle II, and Treasury TIPSS-4, Salient CRGT
creates a robUSt platform for growth.
is a provider of agile software development, data analytics and cybersecurity services to Federal government agencies, from an affiliate of Veritas Capital.
US investment firm Bridge Growth Partners LLC has announced its entry into an agreement to take over domestic custom software provider CRGT
Inc from an affiliate of private equity firm Veritas Capital Management LLC.
According to Tom Ferrando, president of CRGT
, the acquisition would help his company keep pursuing its growth strategy and enhance its presence as a leading IT provider in various governmental agencies.
Kevin Parker will serve as chairman of the board of directors of CRGT
and will be joined on the board by Alok Singh, Bridge Growth co-founder Sander Levy, and Veritas Capital managing partner Ramzi Musallam.
offered no information on deal terms but in a separate press release announcing the agreement, CIBER said that the parties had settled on a cash consideration of USD40m (EUR31m).
, a full-service government system integrator, has wrapped up the takeover of local Johnston McLamb, a provider of technology management services, in a move to expand its market share and diversify its client base.