Announced
Completed
Financials
Sources
Tags
Software
Private Equity
Merger
software
Domestic
United States
Private
Majority
Friendly
Acquisition
Single Bidder
Completed
Synopsis
Octo, a provider of emerging technology and IT modernization services for the Federal Government, completed the merger with Arlington Capital-backed Sevatec, a provider of mission-critical software development solutions and digital modernization services to the Federal Government. Financial terms were not disclosed. “With this transaction, I firmly believe we have created a unique, market-shaping organization that is unmatched in terms of its collective ability to be a pure-play modernization and technology solutions provider to the Federal Government and its wide-ranging missions,” Mehul Sanghani, Octo Founder and CEO.
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