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M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Have a submission? Email us at email@example.com and tell us why it belongs in the roundup.
The news was announced at the very end of December. Financial details were not disclosed.
This acquisition helps Politico expand its coverage and product offerings: While keeping the E&E News brand intact, Politico is investing resources to expand its audience and impact.
“We are doubling down on our policy coverage by investing in journalism and growing our product offerings in the energy and environmental policy space, which touches all aspects of the economy and government,” said Politico Publisher and Executive Chairman Robert Allbritton in a news release.
Under the leadership of Politico Editor-in-Chief Matt Kaminski, E&E News’ 65 reporters and editors will join Politico’s more-than-600-person team. Check out Politico’s open roles.
Octo Consulting merges with Sevatec.
Herndon, Virginia-based Octo Consulting, developer of mission-critical solutions for the federal government across healthcare, national security, civilian and defense agencies, is merging with Fairfax, Virginia-based IT and software development firm Sevatec. With nearly, 1,100 employees, the combined company will be focused on addressing technology challenges for federal government entities.
Sevatec’s leadership team will step into new roles with this merger while Octo’s core team will retain their positions. Mehul Sanghani, Octo’s founder and CEO, will lead the combined company.
Financial details of the December deal were not disclosed, though Sanghani told Washington Technology that the deal creates a company with at least $300 million in annual revenue.
3Pillar Global acquires Arizona-based Tiempo Development.
Fairfax, Virginia-based software development company 3Pillar Global has acquired Arizona-based dev firm Tiempo Development. This acquisition, announced in December, brings 3Pillar’s team to more than 1,600 employees across five countries. The financial terms of the deal were not disclosed.
With this latest acquisition, the 15-year-old 3Pillar, which builds software and apps, welcomed David Sawatzky to its team as chief delivery officer. His first order of business will be to lead Tiempo’s integration into the company.
“By joining forces with 3Pillar, our combined team will bring our clients a greater talent pool with a broader set of capabilities in a globally distributed delivery model,” said Tiempo founder and CEO Cliff Schertz in a statement.
Advancea has acquired California-based Group Purchasing Solutions.
Falls Church, Virginia-based Advancea has acquired California-based Group Purchasing Solutions for an undisclosed amount, the companies announced earlier this month.
Advancea is an association advisory firm that provides consulting services and tech solutions and helps form affinity groups for membership organizations. With this acquisition, the company plans to expand its portfolio of affinity groups and consulting efforts.
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