Start-up SI International makes first acquisition

SI International Inc., a start-up based in Vienna, Va., today announced it purchased Statistica Inc., an information technology contractor with $20 million in annual revenue and 300 employees. The purchase price was not disclosed.

Statistica, based in Gaithersburg, Md., holds a contract with the State Department to manage databases that process immigrant visa and passport applications. The company has been a federal contractor for 21 years.

SI International was founded last year by former executives of CACI Inc. and Computer Sciences Corp. with financial backing from Chicago-based investment banking firm Frontenac Co. The company's goal is to reach $300 million in annual revenue by buying and consolidating small contractors that provide technology services to the government.

Ray Oleson, chairman and chief executive officer of SI International, said Statistica chairman Jerry L. Ashworth will join SI International as executive vice president for markets and will help develop SI International's strategic plan. There are no plans to lay off any of the 300 employees, Oleson said.

"The key thing with Statistica is they have wonderful customer relations," Oleson said. "Of course, it's the employees who are the reason for that good reputation, so everybody will continue as part of the team."

Oleson said SI International is scheduled to begin a detailed review of another prospective acquisition in February.

Featured

  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.