Herndon and Arlington, Va.-based MicroPact Inc. will merge with Iron Data Solutions, Inc. The newly formed company of approximately 600 employees worldwide will be headquartered in Herndon, VA and keep the MicroPact name.
MicroPact is a key player in Data-First Case Management and Business Process (BPM) Management software business. Iron Data Solutions is a leader in case management and regulatory software solutions. Both companies have notable histories of providing exceptional value to their customers.
Tom Sechler, previously CEO of Iron Data, is now CEO of the merged company while Kris Collo, previously CEO of MicroPact, will serve as the President. Mike Cerniglia, previously CTO of MicroPact, will continue to serve as CTO and Dan Smith, previously CFO of Iron Data, will continue as CFO of the newly-formed company.
Sechler had this to say of the merger, “Our organizations currently serve complementary markets with complementary products. In the U.S. alone, Iron Data products are the regulatory and case management benchmark in 49 of the 50 states while MicroPact solutions serve 97% of federal agencies with 500 or more employees. By combining forces, this merger positions us to become the leading supplier of case management and BPM technologies in the public sector, giving agencies at the federal, state and local levels greater access to the solutions that are transforming government. We are also pleased that the expansion planned as a result of our merger will create career opportunities for our employees.”
Collo said, “We are combining two great companies to offer a rich portfolio of advanced case management and BPM solutions. As a merged company that serves the entire public sector market, we are now in a better position to provide our expertise in commercial settings such as financial and other heavily regulated markets. On the technology front, the merger will make it possible to enhance our technologies at the platform level, expanding the capabilities of end-user solutions. I am confident that our transition teams will put forward a range of innovative options to evolve our technologies and services.”
“The products this organization offers today are world-class. The technologies that MicroPact have built, and the markets they have penetrated, are a strategic complement to Iron Data’s software regulatory product portfolio. We are extremely pleased to be in a position to be able to bring these complementary organizations together – our collective customers will experience the benefits of this merger almost immediately,” said Smith.
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