ASGN Incorporated has acquired IndraSoft, a cybersecurity and digital transformation solutions provider to the U.S. federal government. Financial terms of the deal were not disclosed.
This is M&A deal number 446 that MSSP Alert and ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here. Also, we’ve tracked more than 60 MSSP mergers and acquisitions here.
IndraSoft, founded in 2004, specializes in digital transformation, DevSecOps, cybersecurity, and cyber analytics solutions. The company, based in Reston, Virginia, supports the U.S. Air Force, Army Intelligence, and the Defense Information Systems Agency (DISA), among other agencies.
IndraSoft's Government Cybersecurity Capabilities
IndraSoft's cybersecurity services include threat intelligence, defense, innovation, analytics and cyber operations. The operations includes monitoring and maintaining the accreditation of infrastructure, automated information systems, applications, and automated tools across various components of Defense, the company says.
IndraSoft’s team of more than 220 consultants will tuck into ASGN's ECS Missions Solutions business unit. The overall ECS business unit has more than 3,000 employees across the United States, and is the world's Top Vertical Market MSP, according to ChannelE2E.
On the buyer front, the overall ASGN business focuses on IT services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. ASGN revenues were $1.026 billion in Q1 of 2021, up 3.6 percent compared to Q1 of 2020, ASGN announced in April 2021.
ASGN and IndraSoft Executives Share M&A Perspectives
In a prepared statement about the IndraSoft deal, ASGN President and CEO Red Hanson said:
“We are thrilled to welcome the IndraSoft team to ASGN. The acquisition of IndraSoft is yet another example of our long-term capital deployment strategy to acquire high-growth consulting businesses that position ASGN as an industry-leading provider of IT services and solutions to the commercial and government marketplaces. IndraSoft’s depth and breadth of technical capabilities, talent, and solutions align perfectly with our Federal Government Segment and ECS’ digital modernization expertise.”
Added George Wilson, president of ECS:
“The acquisition of IndraSoft deepens our footprint at key customers, including the U.S. Air Force, Army Intelligence, DISA, and other defense agencies."
Noted John Heneghan, chief operating officer of ECS:
“IndraSoft’s innovative culture and long track record of success make it a great fit with our own unwavering commitment to exceptional service delivery for our customers. We look forward to successfully pursuing new mission-impactful work together,” added John Heneghan, Chief Operating Officer of ECS.
Concluded Neeraja Lingam, CEO of IndraSoft:
“At IndraSoft, we are dedicated to enabling mission results through differentiated solutions and a culture of continuous improvement. We have successfully delivered value and transformative services for nearly two decades. Now, we are excited to join ECS and accelerate our combined growth trajectory by expanding upon the resources and capabilities we can deliver to our customers.”
ASGN Acquires Multiple IT Consulting Companies
ASGN has been very active in the M&A market. Additional purchases have included:
- December 2020: ServiceNow partner Integrated Solutions Management
- September 2020: LeapFrog Systems, a digital transformation consulting firm, for $72 million.
- October 2019:Intersys Consulting for $67 million
