M&A

Criterion acquires small business, gains Alliant contract

TEM Solutions deal brings lucrative IDIQ contract on board

Criterion Systems has acquired TEM Solutions, and through doing so, has gotten an Alliant small business contract. Financial terms of the deal were not disclosed.

TEM Solutions provides information technology services, primarily software development and infrastructure support, to federal agencies, a Criterion spokesperson said.

The Alliant Small Business government-wide acquisition contract is a multiple-award task order contract awarded to small businesses. So far, $3.5 billion has come from this vehicle, Criterion said.

“The acquisition of TEM and the Alliant Small Business contract helps expand our business base and provides another vehicle to pursue the nearly $500 million worth of opportunities in our current pipeline, said Promod Sharma, Criterion president and CEO.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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