Earlier today, SRA International announced plans to acquire the Government Services business assets of Qbase, LLC, a privately-held software products and services company supporting customers in the intelligence, national security, government, healthcare, and energy arenas founded in 2005 and headquartered in Reston, Va.
SRA will gain about 230 new employees focused on the U.S. government’s healthcare, homeland security, and law enforcement sectors as a part of the transaction.
“The acquisition of key Qbase services and programs is a natural fit for SRA. The solid customer relationships this transaction brings, along with SRA’s and Qbase’s reputation for service excellence, further strengthen SRA’s presence in the health IT, homeland security and law enforcement markets. I’m also excited about the great people this brings to SRA, including highly-skilled software and data architects, developers, data scientists, computer systems analysts, project and quality assurance managers. Our joint expertise, differentiated software engineering, cybersecurity and IT infrastructure solutions, and shared values will enable us to collaborate and deliver the best solutions in support of the important missions of the U.S. government,” said SRA International President and CEO Bill Ballhaus.
Terms of the acquisition were not disclosed in SRA’s press release, customary closing conditions are is expected to occur in April 2015.
“The Qbase deal reflects a bite size, tuck-in acquisition for SRA expanding their capabilities and customer depth in attractive, growing areas of the GovCon market,” said Bob Kipps, Managing Director of KippsDeSanto & Co., following the acquisition announcement.
Houlihan Lokey was the financial advisor to Qbase.