WashingtonExec 2013 Government Contracting Outlook Series:
The new year brings big changes for the Federal IT industry, and WashingtonExec is back with its Government Contracting Industry Outlook Series.
We are giving local executives the opportunity to share their thoughts on where they see our industry headed this year and beyond. Leaders were asked a series of questions focused on cloud computing, healthcare IT, defense, mobility, and more.
Today we present Brad Antle, President & CEO of Salient Federal Solutions‘ 2013 predictions.
“2013 will be a year of confusion as budgets are reduced, uncertainty pushes new program starts further to the right, and a degree of confusion will exist regarding government priorities. M&A activity will likely take a slight downturn as the urgency to get out in front of Cap Gains changes will be behind us, and the uncertainty of those funding priorities looms large. Clarity should get better in the second half of 2013. M&A valuations should remain down throughout 2013 and present some good buying opportunities for those with the funding and the vision to consolidate capabilities that matter.”
Antle gave further insight regarding the current M&A market late last year, after Salient finalized its acqusition of the end-to-end application software solutions company LIST Innovative Solutions, Inc. (LIST).