CRGT‘s buy of big data and business intelligence provider Guident is an indicator of increased activity among private equity investors within the government market , according to investment banking firm KippsDeSanto & Co.
The bank advised Guident on its acquisition by CRGT, a Veritas Capital portfolio company, with the intent to grow Guident’s customer base within government agencies in big data and business intelligence.
Bob Kipps, managing director at the bank, discussed the mergers-and-acquisitions environment in the government market in a two-part interview with ExecutiveBiz (click here for part 1, click here for part 2).
Buyers in the government technology sector are seeking companies that hold positions on indefinite-delivery/indefinite-quantity contracts, government-wide acquisition contracts and blanket purchase agreements, the bank said.
CRGT’s acquisition of Guident follows another trend of buyers seeking companies that complement their current customer bases and provide higher-end services to market segment showing growth potential, KippsDeSanto said.