Federal information technology services provider Quality Technology, Inc. (QuTech) on Wednesday said it acquired Fusion PPT, another federal IT services company that strengthens its capabilities in cyber security and cloud services and provides and adds news customers.
Terms of the deal, the first for QuTech since its founding in 1989, were not disclosed.
Fusion, which is based in Northern Virginia, has 50 employees and Maryland-based QuTech has about 85. With the acquisition, QuTech has more than $30 million in annual sales, Rodney Whitfield, the company’s chief financial officer, told Defense Daily on Thursday.
“The acquisition of Fusion PPT is a major step in our growth and the addition of Fusion PPT’s services will allow us to service a broader set of customers in the federal market with an expanded set of services,” Renee Parker, QuTech’s CEO, said in a statement.
QuTech has customers in the federal civilian space, including the call center contract with the Department of Health and Human Services that supports the health insurance exchange established by the Obama administration, and with the Defense Department. Fusion brings customers from the intelligence community as well as the DoD and federal civilian agencies.
Fusion also expands QuTech’s services in DevOps and big data analytics. The company is also certified at Level 3 for Capability Maturity Model Integration processes, which QuTech plans to incorporate into its processes, Whitfield said.
Fusion’s senior leadership is remaining with the company, Whitfield said. Neither company used financial advisers, he said. Whitfield said QuTech isn't in a hurry for additional acquisitions but expects the company to look for another deal around 2020, once it learns its lessons from integrating Fusion. A deal is possible in 2019 if an attractive one comes QuTech's way, he added.