Mergers and acquisitions activity has been racing throughout the government contracting world lately. CRGT, an expert in emerging technology solutions, recently acquired managing and consulting firm Johnston McLamb (JM).
CRGT President and CEO Tom Ferrando provided ExecutiveBiz a micro view of the M&A moves in the industry.
With street-level detail but bird's-eye insight, Ferrando answers the “why“ and the “why now?“
CRGT's list of services extends beyond large-scale, highly secure application infrastructure to include solutions around mobility, cloud computing, multimedia-rich services, business intelligence and cybersecurity.
“No project is too big or too small for us,“ he said. “We stay on top of leading technology trends and provide practical solutions that work for our customers.“
Of the acquisition of JM, Ferrando said there was a “great cultural fit“ between the two companies.
“Both CRGT and JM have demonstrated success helping customers contain and reduce their technology costs and deliver more with less,“ he added. “These are increasingly important and sought after skills in today's economic climate.“
Ferrando also praised JM's expertise in application design and development, which he said enhanced CRGT's large-scale operations capabilities. “As such, CRGT is better equipped in the market with the ability to deliver services across the full spectrum of needs required by our government clients.“
The acquisition provided results “instantly,“ he said. But in addition to increased leverage in competing for large government contracts that the acquisition allows for, Ferrando said he also sees strategic benefits for the company as a whole.
JM brings to the table important skills such as enterprise data management geospatial mapping and visual business intelligence, which were already part of CRGT's roadmap for emergency technology.
“So, this acquisition really helps accelerate our plans to provide strong solution offerings in these key growth areas of the market,“ he said.
And Ferrando said the success of CRGT's acquisition of JM could inspire future moves.
“As we move forward, we will certainly consider the option of additional acquisitions as a viable strategy to further expand our services capabilities and to increase our solutions portfolio,“ he said.