Capgemini Acquires Government Solutions Provider VariQ
This is technology M&A deal number 646 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
VariQ, founded in 2003, provides software development, cybersecurity and cloud services for federal government departments and agencies across the United States. VariQ also has M&A experience. The company acquired Rivet Logic in 2020 to support commercial clients.
VariQ will tuck into Capgemini Government Solutions LLC. The government-focused business unit, formed in 2002, is based in Mclean, Virginia. The deal is expected to close before the end of 2021.
Capgemini Acquires VariQ: Executive Commentary
In a prepared statement about the deal, Jim Bailey, CEO of Capgemini’s Americas strategic business unit, said:
“As a company we are continuing to find ways to expand our ability to serve U.S. government agencies and this acquisition would augment our digital and agile capabilities while growing our talent base. This acquisition marks an important moment for Capgemini Government Solutions and our vision for growth in the Americas.”
Added Ben Edson, founder and CEO of VariQ:
“At VariQ, we have continued to prioritize digital-first, secure agile capabilities and build a highly skilled team to deliver on priorities that align well to Capgemini and Capgemini Government Solutions. Joining Capgemini would provide the scale and expansive capabilities to enable us to better serve our 20+ client agencies. We look forward to delivering end to end solutions in support of our clients’ missions.”