CGI Inc. [GIB] on Wednesday said it has agreed to acquire TeraThink, a provider of information technology services to the U.S. federal government.
Terms of the deal, which is expected to close this month, were not disclosed. TeraThink, which is based in Northern Virginia, has more than 250 employees.
CGI, an IT and business consulting firm that is based in Canada and has a U.S. federal business, said the acquisition will strengthen the consulting expertise of CGI Federal and expand its enterprise application development and management services. A spokeswoman for CGI told Defense Daily
that TeraThink will add new customers and deepen its footprint with others.
TeraThink has expertise in digitization, enterprise finance, risk management, and data analytic services. The company’s customers include a range of federal civilian and defense agencies, and some commercial clients.
“Combining TeraThink’s agile enablement, application development, and data analytics capabilities with CGI Federal’s breadth of IT service will enhance offerings available to federal agencies,” CGI said. “This merger will significantly increase the scale of enterprise applications support CGI Federal provides to all three branches of government.”