“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: While primarily known for their extensive footprint in support of Veterans Affairs, those who support the broader FedCiv market will take note of this acquisition as this rapidly growing provider of advanced technology solutions and digital services to the Federal Government has been making inroads of late with success at DHS, DOL, HHS and USPTO.
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. This group will be one to watch as we head into 2021.
- In addition to their very broad portfolio of work in support of Veterans Affairs and Federal Health IT, GovCIO picked up several key wins across the FedCiv market of late, to include a DHS ICE T8P1 Agile Software Development and Tier III Support task; a DOL Office of the Solicitor IT Applications Systems Support follow-on contract; picking up a Prime award on a $110M IT Systems and Business Process Modernization BPA; and being identified as one of the selected firms to participate in the $2B BOSS Alternative Competition with USPTO.
- 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.