IBM | December 08, 2022
IBM (NYSE: IBM) today announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health, and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Upon the close of the acquisition, Octo's approximately 1,500 employees will join IBM Consulting's U.S. public and federal market organization.
Octo will be IBM's eighth acquisition of 2022. Since Arvind Krishna became CEO of IBM in April 2020, IBM has acquired more than 25 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities. Today's news builds on prior IBM Consulting acquisitions, including Dialexa, Neudesic, and Taos.
Federal government agencies face significant challenges including technology skills shortages, rebuilding of U.S. domestic supply chains and more demand for citizen services. To address these complex challenges, agencies need an industry partner to help them navigate a scalable path to IT modernization with the power to leverage emerging technologies and applications, optimize costs and operational efficiencies, and improve security. The convergence of new hybrid cloud and AI technologies enables government to deliver rapid improvements and adapt to unprecedented challenges.
The acquisition of Reston, Va.-based Octo will complement IBM's existing strengths in IT modernization and digital transformation, enhancing its ability to support federal agencies with a flexible, modern approach to digital transformation and growing IBM Consulting's public and federal market organization to 4,200 highly-skilled employees. With a proven track record of enabling rapid IT modernization and seamless citizen engagement, Octo also brings deep federal mission experience, as well as certifications in the technologies most used across the federal government.
"Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time," said John Granger, Senior Vice President of IBM Consulting. "The combination of Octo's highly qualified and respected team with IBM's consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens."
Building on a shared commitment to co-creation, oLabs, Octo's 14,000 square foot innovation center with in-house computing capability, expands IBM's ability to work collaboratively with federal agencies to rapidly prototype emerging technology solutions – enabling greater impact for federal agencies and the people they serve.
"Octo was founded on the belief that digital transformation could be delivered at scale to modernize the federal government's approach to today's most pressing challenges – from public healthcare to national security, to defense and intelligence," said Mehul Sanghani, Chief Executive Officer of Octo. "Today, we are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale."
IBM's acquisition of Octo from Arlington Capital Partners is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details of the deal were not disclosed.
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
CSG Government Solutions | December 16, 2022
CSG Government Solutions, a national leader in government program modernization, today announced that it has been selected by the Texas Office of the Attorney General to provide Independent Verification and Validation (IV&V) services for its Child Support System Modernization Project.
CSG is providing IV&V services for the modernization of the Texas Child Support Enforcement System and its peripheral applications. Our team reviews and reports on all technical and managerial aspects of the project, provides objective analysis identifying potential project risks and opportunities, and develops actionable recommendations to support project success. Our team also assesses system adherence to contractually-defined industry standards, including those required by the Office of Child Support Enforcement.
“CSG will leverage our experience as national leaders in child support system modernization to help assure Texas achieves its modernization goals, Our team applies our forward-looking IV&V methodology and program expertise to support the implementation of a system that will serve Texas’ children and families well into the future.”
-Tim Lenning, Director of CSG’s Child Support practice.
About CSG Government Solutions
CSG Government Solutions is a leading government operations consulting firm helping states modernize critical program enterprises. We help governments leverage innovative technology and processes to meet the challenges of administering complex programs. Founded in 1997, CSG clients include 47 state and territory governments, the U.S. Department of Health and Human Services, the U.S. Department of Labor, and large municipal governments. For more information, visit http://www.csgdelivers.com and connect with us on LinkedIn and Twitter.
SAWTST | November 17, 2022
Deltek, the leading global provider of software and solutions for project-based businesses, announced today that SAWTST, a small business government contracting firm, has selected Deltek Costpoint and Deltek Talent Management to power its growth by streamlining and automating processes and efficiencies, while staying compliant with the federal government.
SAWTST, a government contracting firm located in Tyrone, Georgia, is a department of Veterans Affairs (VA) verified service-disabled veteran owned small business (SDVOSB). The firm's legacy is built on service with its executive and senior management team, composed primarily of military veterans. The company employs professionals that are a mix of veterans from all services and experienced industry professionals that have consistently delivered exceptional results in the Defense environment.
SAWTST knew it was time to upgrade its ERP system to streamline and automate processes and reporting, as well as to scale for its long-term growth plans. The system it was using was too manual and time-consuming – employees were burdened with siloed processes. SAWTST needed a single solution that could support functional areas including contracts management and procurement. They were looking for a new ERP partner that would deliver more innovation and greater intelligence through an all-in-one system across the entire project lifecycle. In addition, SAWTST wanted better, out-of-the-box reporting, designed for government contractors. By switching to Deltek, SAWTST anticipates Costpoint will be its one-stop-shop for mission-critical data and save them a full-time staff member due to Costpoint's automation.
Deltek Costpoint is the government contracting industry's leading solution that delivers more innovation and greater intelligence at every stage of the project lifecycle. It centralizes the management of projects, people and finances, and scales seamlessly as needs grow, enabling small to enterprise size businesses to win new clients, manage project profitability and improve client satisfaction at every stage. Additionally, the integrated cloud offering enables the secure storage of data and is consistently enhanced to meet the most up-to-date governmental and agency cybersecurity compliance standards including NIST 800-171.
"Being a CFO and part of a finance team at a government contractor requires special skills and understanding of the unique government requirements for finance and accounting, How we handle our project information – and our accounting, finances, and reporting – requires the right partnerships with those that know how the government thinks. We need software that makes it easy for us to be efficient and connects the entire company to our project data for a single source of the truth. And we have found that with Deltek. After demoing the software and doing our research, it's clear that Deltek is miles ahead of the competition and the gold standard for government contractors. It's a big decision to move your ERP, especially after just 3 years with another provider. It's a lot of work and I've felt like Deltek has been by my side the entire time. We know it will be well worth our time and money in the end, We are excited to be in person at Deltek ProjectCon 2022 with Deltek experts and other government contractors who have been in our shoes before. We are building great relationships and getting a jump start on our solution training."
-Debra Hadley, Chief Financial Officer at SAWTST.
Government Contracting Firms at Deltek ProjectCon 2022:
Thousands of Deltek customers like SAWTST are gathered in Nashville this week for 4 days of networking, education and training on products including Deltek's flagship ERP for government contractors, Costpoint.
"We are thrilled to welcome SAWTST to Deltek Project Nation! We continue to evolve our products and services to support smaller government contractors and help those customers run their businesses more efficiently and effectively. We think being transparent, easy to do business with and easy to understand makes us the partner of choice for great businesses like SAWTST, The journey with SAWTST has just started and we are excited to get them up and running on Costpoint and to be a foundational part of their growth plans."
-Mike Corkery, President & CEO at Deltek.
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue.
SAWTST, LLC is a Department of Veterans Affairs (VA) verified Service Disabled Veteran Owned Small Business (SDVOSB). SAWTST was founded in 2006 for one simple purpose; strive to identify and seize Information Technology (IT) and Enterprise Logistics opportunities for growth, building upon our strengths and competencies. We always strive to exceed our clients' growing needs. The company employ's professionals that are a mix of veterans from all services and experienced industry professionals that have consistently delivered exceptional results in the Defense environment. SAWTST is a leading provider of services to a wide variety of Department of Defense (DoD) clients.