Capgemini press release// Capgemini signs agreement to acquire IT services provider VariQ, adding scalability and strengths to its Government Solutions capabilities in the U.S.
14 September 2021 - 05:40PM
Capgemini press release// Capgemini signs agreement to acquire IT
services provider VariQ, adding scalability and strengths to its
Government Solutions capabilities in the U.S.
Media relations:Sam ConnattyTel.:
+44 (0)370 904 3601 sam.connatty@capgemini.com
Investor relations:Vincent
BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com
Capgemini signs agreement to acquire IT
services provider VariQ, adding scalability and strengths to its
Government Solutions capabilities in the U.S.
Acquisition would reinforce Capgemini Government
Solutions LLC, part of the Capgemini Group, with further software
development, cybersecurity and cloud service capabilities for
federal government clients
Paris and Virginia, September 14, 2021
– Capgemini announced today that
it has entered into a stock purchase agreement (SPA) to acquire
VariQ pending U.S applicable regulatory approvals. VariQ would be
integrated into Capgemini Government Solutions LLC, Capgemini’s
independent operating division working with U.S. government
agencies. This acquisition would strengthen the company’s position
in the Federal market and build momentum for continued
growth.
VariQ was founded in 2003 and serves as a
provider of Software Development, Cybersecurity, and Cloud services
for federal government departments and agencies across the United
States. These services are delivered through multiple contract
vehicles, including the Alliant 2 best-in-class contract vehicle.
Additionally, the company holds a digital transformation entity
(Rivet Logic, acquired in 2020) which serves a set of commercial
clients and would join forces with Capgemini in the U.S. to expand
digital capabilities and key technology partners.
“As a company we are continuing to find ways to
expand our ability to serve U.S. government agencies and this
acquisition would augment our digital and agile capabilities while
growing our talent base,” said Jim Bailey, CEO of Capgemini’s
Americas Strategic Business Unit and Group Executive Board Member.
“This acquisition marks an important moment for Capgemini
Government Solutions and our vision for growth in the
Americas.”
“The addition of strong talent and expanded
best-in-class contract vehicles would advance Capgemini Government
Solutions’ ability to provide industry-leading solutions to the
agencies we serve,” said Doug Lane, CEO, Capgemini Government
Solutions LLC. “As we look ahead, we are motivated by the ability
to cultivate strong partnerships with those we serve to deliver on
transformative digital initiatives.”
“At VariQ, we have continued to prioritize
digital-first, secure agile capabilities and build a highly skilled
team to deliver on priorities that align well to Capgemini and
Capgemini Government Solutions,” said Ben Edson, Founder & CEO
of VariQ. “Joining Capgemini would provide the scale and expansive
capabilities to enable us to better serve our 20+ client agencies.
We look forward to delivering end to end solutions in support of
our clients’ missions.”
The completion of the acquisition is subject to
Committee of Foreign Investment in the United States (CFIUS) and
Defense Counterintelligence and Security Agency (DCSA) approvals.
The transaction is expected to close by the end of 2021, subject to
such regulatory filings.
About CapgeminiCapgemini is a
global leader in partnering with companies to transform and manage
their business by harnessing the power of technology. The Group is
guided everyday by its purpose of unleashing human energy through
technology for an inclusive and sustainable future. It is a
responsible and diverse organization of 290,000 team members in
nearly 50 countries. With its strong 50 year heritage and deep
industry expertise, Capgemini is trusted by its clients to address
the entire breadth of their business needs, from strategy and
design to operations, fuelled by the fast evolving and innovative
world of cloud, data, AI, connectivity, software, digital
engineering and platforms. The Group reported in 2020 global
revenues of €16 billion.Get The Future You Want
| www.capgemini.com
About Capgemini Government Solutions
LLCCapgemini Government Solutions is committed to working
with government clients to support them in their strategic,
tactical and transformation initiatives. Capgemini helps
organizations create sustainable value by employing innovative
business process improvement strategies and applied solutions that
utilize a unique method of engagement: the Collaborative Business
Experience (CBE). By providing public and private sector
experience, best practices, and proven tools and methodologies
tailored for the U.S. government’s unique requirements, we help
clients build knowledge and capabilities as we work together to
drive transformation agendas. With a dedicated core team of
professionals in Mclean, VA, Capgemini Government Solutions was
formed in 2002 as an independent operating division of Capgemini to
offer U.S. Government agencies deep transformation, consulting, and
IT expertise.More information is available at www.capgemini.com
- 2021_09_14 Capgemini_signs_agreement_to_acquire_VariQ_ENG
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