Rockville, MD – Artech Information Systems,
LLC (“Artech”) announced today the acquisition of EDGE Professional
Services, LLC (“EDGE”), a Washington D.C. based information technology services firm. Terms of the deal were not disclosed.
Artech, headquartered in Cedar Knolls, NJ, is a
minority and women-owned business enterprise (MWBE) that provides
Workforce Solutions, IT Consulting and Outsourced Project Services.
Founded in 1992, Artech employs over 5,200 professionals and maintains
over 20 locations across the US, India, China and Mexico. Artech was
ranked #4 on Staffing Industry Analysts’ 2010 “List of Fastest-Growing
US Staffing Firms.”
Founded in 1997, EDGE provides professional, technical and
information technology services to commercial and federal government
clients in the United States. The Company provides these services from
its strategically located corporate headquarters in Rockville, Maryland.
The Company is a Department of Defense Top Secret Cleared facility and
an approved U.S. General Services Administration Schedule 70 supplier.
EDGE has been recognized many times as one of the Top Ten Staffing Firms
in the Washington D.C. region according to the Washington Business
Journal.
According to Artech’s President Ranjini Poddar “We are very impressed
with the consistently high performance of the EDGE team. EDGE has
achieved significant growth in the last few years, both in their
commercial and government business segments.” Added Ajay Poddar,
Artech’s Executive Vice President, “ We are excited to support
management's plans for the business as it continues onto its next phase
of growth as part of Artech."
Blaine Smith, EDGE’s Executive Vice president who will continue to
lead the organization post-close, commented, “EDGE’s relationships and
skills in serving the Federal Government marketplace, along with leading
commercial organizations in the Mid-Atlantic, will fit superbly with the
infrastructure and delivery expertise that has been central to Artech’s
unmatched growth and reputation. We are excited to join the Artech and
EDGE teams together to create an organization focused on continuing to
deliver superior client service in our growing marketplace.”
Rick Harrison, EDGE’s President and Managing Partner, will continue
to support EDGE throughout the transition to Artech and beyond, “When we
entered this process we couldn’t have imagined a better outcome than
this opportunity with Artech for all of EDGE’s stakeholders. Our
investment bank, Fairmount Partners, ran a thorough strategic process
and was a critical advisor to us from the very beginning through to the
transaction closing. My Partners, Steven Benjoar and John Bucy, and I
have enjoyed building EDGE over the years into one of the premier IT
services firms in our region. We have been incredibly fortunate to be
surrounded by an exceptionally talented team and are excited for the
future opportunity presented by the combination of EDGE with Artech.”
Fairmount Partners, a specialty investment bank based outside
Philadelphia, Pennsylvania, advised EDGE and originated and structured
the transaction.
Artech Information Systems LLC
Artech is a minority and women-owned business
enterprise (MWBE) that provides Workforce Solutions, IT Consulting and
Outsourced Project Services. Headquartered in Cedar Knolls, NJ, Artech
employs over 5,200 professionals and maintains over 20 locations across
the US, India, China and Mexico. Artech was founded in 1992 and today is
a Tier-1/Preferred Supplier to more than 45 Fortune 500 companies. The
firm is certified by the NMSDC and WBENC and is the recipient of the
2009 NMSDC National Supplier of the Year award — the highest honor a
minority supplier can receive. Artech is also ISO 9001, ISO/IEC 27001
and SEI-CMM certified. For more information, visit:
www.artechinfo.com
EDGE Professional Services, LLC
EDGE Professional Services, is a full-service
contracting firm dedicated to providing the Federal Government and
industry clients with security cleared, mission critical human capital
solutions. EDGE has a 14 year history with proven past performance
within a variety of Business, Information Technology, Professional, and
Science disciplines delivered to government customers across the United
States. EDGE is able to provide its federal government clients with
personnel that hold various levels of Secret and Top Secret United
States federal security clearances. This increasingly significant
capability in working with the United States Federal Government as it
relates to Cyber, DoD and Intelligence opportunities is a primary focus
of the Company’s current and future growth initiatives. Additionally
EDGE provides its commercial industry clients with Business,
Engineering, IT, Scientific, and Telecommunications consultants. EDGE is
headquartered in Rockville, MD and possesses a DoD Top Secret facility
clearance. For more information, visit:
www.edgeps.com
Fairmount Partners
Fairmount Partners is one of the largest investment
banking groups in the Mid-Atlantic region. The firm specializes in
advising middle-market growth companies with mergers and acquisitions,
capital raising and strategic advice. Fairmount’s key focus areas
include: IT and Business Services, Healthcare, Software/Technology, and
Consumer/Industrial. Fairmount has completed transactions throughout
North and South America, Europe and Asia. For more information, visit:
www.fairmountpartners.com