Herndon, Va.-based ManTech International Corporation announced Dec. 19 that the company has acquired Owings Mills, Md.-based Edaptive Systems LLC, a provider of IT solutions primarily to federal health agencies, with a significant focus on the Centers for Medicare & Medicaid Services (CMS). ManTech funded the acquisition from cash on hand. The acquisition will be slightly accretive to 2017 financial results.
“We are excited to welcome Edaptive Systems’ talented employees, trusted capabilities and important customers to the ManTech family,” ManTech Chairman and CEO George J. Pedersen said. “This acquisition is consistent with ManTech’s strategy to expand and strengthen our presence within the federal and civilian health markets, with our primary objectives of improving the quality of information available to all clinicians and the quality of care for those in need.”
“Edaptive is proud to become part of ManTech, which has a strong record of delivering innovative solutions to solve our customers’ most pressing challenges,” Edaptive Systems’ Partner Frank Blair said. “Our healthcare customers and most importantly the clinicians on the front line will benefit from the combined capabilities and our employees will benefit from expanded professional development opportunities.”
Founded in 1999, Edaptive provides agile software development, testing and automation, business intelligence, data abstraction and IT services. The acquisition brings 250 employees. Edaptive Systems becomes a part of ManTech’s Mission Solutions & Services Group, led by Daniel J. Keefe.
KippsDeSanto‘s Marc Marlin advised Edaptive.