Federal Channel Merger: Acentia Acquires 2020 Company8:10 PM EST Mon. Apr. 02, 2012
Federal solution provider Acentia Monday said it has acquired a peer, 2020 Company, as part of a move to better serve mission-critical government initiatives.
Acentia provides technology and management solutions to help federal government, health-care, and commercial customers meet mission-critical requirements. The company's primary investor is Snow Phipps, a New York-based private equity firm with a goal of building a major government technology services provider.
2020 is a professional services firm delivering business and technology solutions to the government in the areas of health, education, and science. Its services include custom system maintenance, systems development and integration, technology infrastructure support, and other business services whose customer list includes the Centers for Medicare and Medicaid Services (CMS), the Centers for Disease Control and Prevention (CDC), the Department of Education, and the National Oceanic and Atmospheric Administration (NOAA).
Both companies are based in Falls Church, Va.
The combined company has over 1,200 employees. Acentia CEO Todd Stottlemyer will continue as CEO after the acquisition, while Robert McCord, president and COO of 2020, will keep the same position at Acentia.
Acentia was formerly known as Interactive Technology Solutions (ITSolutions), but changed its name to Acentia last July. It was acquired by Snow Phipps in July of 2009.
In the four months after being acquired by Snow Phipps, ITSolutions acquired the Information Technology service business from NetStar-1 Holdings, a solution provider supporting the Military Health System, Department of the Army, Department of Labor, the Federal Aviation Administration, and other federal government and commercial clients. It also supports Peace Technology, a provider of professional technical services for the design, development, deployment, management, and support of complex applications to federal, state, and local governments.
Stottlemyer, in a statement, said the addition of 2020 extends Acentia’s reach with new services and expertise to pursue more and even larger opportunities on programs of national significance. "This merger aligns with the goals we stated publicly last year when we re-branded the company, specifically, that we would look to grow Acentia in order to provide expanded capabilities to our customers," Stottlemyer said in the statement.
McCord, in his statement, said, "Modernization of health and other government IT systems is one of our nation’s most mission-critical priorities, and today’s announcement aligns two companies positioned at the forefront of some of the most innovative, transformational technology initiatives on behalf of Government agencies and the citizens they serve."