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January 24, 2017
McLean, VA —
Booz Allen Hamilton today announced it closed the acquisition of the Laurel, MD-based digital services firm eGov Holdings, Inc. (d/b/a Aquilent) on January 24, 2017. Aquilent, which employs about 310 professionals, is a premiere architect of .gov solutions for the Federal government, for whom it deploys cutting-edge digital, agile, DevOps, and cloud capabilities. eGov Holdings, Inc. is now a wholly-owned subsidiary of Booz Allen Hamilton Inc.
The transaction is expected to add approximately $20 million of revenue through the remainder of Booz Allen’s fiscal year 2017, which ends March 31, 2017. It is expected to be accretive to Booz Allen earnings and operating margin in fiscal year 2018.
The transaction will bolster Booz Allen’s growing technology capabilities and talent base, particularly its emphasis on building citizen-focused digital services. Aquilent will be the Laurel, MD hub of Booz Allen’s Digital Solutions business.
Aquilent currently provides digital and cloud services for the U.S. Department of Health and Human Services, U.S. Postal Service (USPS), U.S. General Services Administration (GSA), and other federal clients. The acquisition will further expand Booz Allen’s ability to blend its consulting heritage with advanced technical expertise to deliver to clients cloud, mobile and modular technology services using advanced methodologies such as Agile, DevOps and open source.
Before the transaction’s close, Aquilent worked with Booz Allen and the U.S. Navy to divest the SeaPort-e Portal contract to a third party to resolve any potential organizational conflict of interest (OCI) concerns. The divestiture included all data, code rights, associated assets, and about 30 staff related to this contract. The SeaPort-e Portal contract will not impact the anticipated synergies of the acquisition for Booz Allen.
About Booz Allen
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by their most sensitive agencies. We work shoulder to shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision. With global headquarters in McLean, Virginia and more than 80 offices worldwide, our firm employs more than 26,300 people and had revenue of $6.7 billion for the 12 months ending March 31, 2019. To learn more, visit BoozAllen.com. (NYSE: BAH)
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