“Welsh, Carson, Anderson & Stowe (“WCAS”), a leading technology-focused private equity firm, announced today it has made a strategic investment in GovernmentCIO (“GovCIO”), a leading provider of high-end technology and digital solutions to the Federal Health IT Services market. WCAS’s investment in GovCIO will support continued organic growth in its existing customer footprint, adjacent customers and expansion into new customers and capability areas through a focused acquisition strategy.”
“GovCIO is a rapidly growing provider of advanced technology solutions and digital services to the federal government. In the 10 years since its founding, GovCIO has become a leading prime contractor supporting the mission of federal health agencies, including the Department of Veterans Affairs and the Department of Health and Human Services. In April, GovCIO was recognized by Inc. 5000 as one of the fastest growing companies in the government services industry. GovCIO was founded in 2010 by Brian Moran, a veteran of the United States Navy, who will remain with the company as a senior executive and retain a significant minority interest.”
“Joining the GovCIO platform and partnering with WCAS are Jim Brabston, a former senior executive with Stanley Inc. and Camber Corporation who will be the Chief Executive Officer, and Joe Cormier, a former senior executive with Camber Corporation, Sotera Defense and ManTech who will be EVP & Chief Financial Officer. Together with GovCIO’s current management team, who will continue in their leadership roles, the company will possess decades of experience successfully expanding into new federal IT markets…”
G2X TAKE: The official word is out this morning that this rapidly growing provider of advanced technology solutions and digital services to the Federal Government, and a major partner to the Department of Veterans Affairs, has been acquired.
Led by Founder and CEO, Brian Moran, GovernmentCIO burst onto the scene over the past few years by not only securing win after win as one of the go-to SDVOSB partners to Veterans Affairs on the $22.3B T4NG IDIQ, but also by creating one of the premier Federal technology media publications in the sector today.
In addition to their significant portfolio of work at VA, this group has been having great success of late across the broader Federal market adding key wins at FDA, CMS, DOL, NIH, DHS, DoD, and more. This group will be one to watch as we head into 2021.
- GovernmentCIO has continued its winning ways in 2020, with several recent wins at VA, to include a $150M VA Portfolio, Product Line, and Product Management Support task win; a Data Management and Analytics Division (DMAD) Support task; a $179M VA Technology Incubation Services task; a $99M Paper Mail Conversion and Management Services support task; and a contract to support Veterans Affairs Pulse Transition to SharePoint Online. These actions follow a big 2019 for GovernmentCIO at VA which saw them pick up a number of key awards to include a $69M Veteran-Facing Services Applications support task; a $28.5M Veterans Affairs OCIO Executive Support Services task; a $30M VA Veterans Legacy Memorial (VLM) Project win; and adding a Prime position on a $900M IDIQ to support the Veterans Intake, Conversion, and Communication Services (VICCS) IDIQ.
- Earlier this year, the service-disabled Veteran-owned Sprezzatura-GovernmentCIO Joint Venture acquired a Prime contract holder position on the VA T4NG IDIQ. This was clearly a big move as GovernmentCIO, who was set to lose their small business status after the upcoming re-certification, now adds a go-to partner and contract vehicle option to ensure they can maintain their status as a major partner to the Department of Veterans Affairs for years to come. More here.
- Led by CEO, Brian Moran, in addition to being recognized once again for their Astounding Growth by ringing in at #848 on the 2020 Inc.5000 list, GovernmentCIO was recently named to the updated list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come.
- Armed with Prime access on several contract vehicles and an innovative online technology magazine, event, and media arm, this fast-rising and aggressive consultancy continues to be well positioned for growth.
Included below is a snapshot of Federal Prime obligations for GovernmentCIO.