Apptis buys two government IT services companies
Less than two weeks after agreeing to buy SETA Corp., Apptis Inc. finalized its purchase of KMR LLC, a provider of healthcare business services.
Apptis Inc. finalized its purchase of KMR LLC, a managed healthcare business services firm, for an undisclosed amount, the company said today.
The acquisition comes less than two weeks after Apptis of Chantilly, Va., signed an agreement to acquire SETA Corp., a McLean, Va., information technology company that works with the Defense and Homeland Security departments as well as other federal agencies. Terms of that deal were not disclosed.
Besides healthcare business services, Falls Church, Va.-based KMR also provides managed care IT and marketing services. Its main clients include the federal Military Health System and the Veterans Affairs Department.
Apptis' purchase of KMR continues the company's ongoing buying spree to widen its customer base.
"KMR's focus on the federal healthcare market and its commitment to customer satisfaction is a tremendous addition to our portfolio," said Steve Baldwin, chief executive officer of Apptis. "As we get more focused on healthcare services, especially for government customers, KMR's experience and expertise will help us broaden our reach into that market."
Gloria Kosman, KMR's president and chief executive, and Lezlie Moreland, KMR's executive vice president, will continue to direct the company's day-to-day operations and work with Baldwin.
Apptis, formerly known as PlanetGov Inc., is a privately held company that provides IT services to the federal and commercial sectors. Its federal clients include the Defense, Homeland Security, Justice, State, Treasury and Veterans Affairs departments as well as the Federal Aviation Administration, Environmental Protection Agency and Securities and Exchange Commission.
Apptis, which ranked No. 45 on Washington Technology's 2004 Top 100 list of federal prime IT contractors, expects 2004 revenue of more than $500 million.