MERGERS & ACQUISITIONS
CRGT makes deal for Guident Technologies
Acquisition adds data analytics, business intell and new customers
- By Nick Wakeman
- Jan 07, 2013
CRGT Inc. has acquired the fast-growing Guident Technologies Inc., a frequent member of Washington Technology’s annual Fast 50 list of the fastest growing small businesses in the government market.
Terms of the deal were not disclosed.
With the acquisitions, CRGT is picking up more capabilities in areas such big data analytics and business intelligence. It is the third acquisition in two years, according to the company.
“We have strategically added highly differentiated capabilities in vital growth segments of the federal IT marketplace,” said Ramzi Musallam, managing partner of Veritas Capital, the private equity group that owns CRGT.
Other services that Guident provides include data analytics strategy and planning services, along with data warehouse, data management and business analytics solutions. The company also provides enterprise application integration, enterprise resource planning, and content intelligence services, CRGT said.
The acquisition also brings new customers such as EPA, Transportation Department, Patent and Trademark Office, and the Securities and Exchange Commission.
Guident, based in Herndon, Va., made the Fast 50 for five years straight, starting in 2006. The company was co-founded by Dan Ackerman and Teddy Matheu in 1996.
The investment bank, KippsDeSanto, served as an advisor to Guident in the sale, which closed at the end of 2012.
Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.