Octo acquires defense & intelligence IT integrator
By
Ross Wilkers
Nearly six months after one large deal, Octo has moved onto the next one in this phase of its strategy to be the go-to technology modernization provider for federal agencies.
Nearly six months after closing one large combination, Octo has moved onto the next transaction in this phase of its strategy to be the go-to technology modernization provider for federal agencies.
Reston, Virginia-headquartered Octo said Tuesday it has acquired Volant Associates, an enterprise IT and software development company whose customer base stretches across the defense and intelligence communities. Terms were not disclosed.
Volant was founded in 2008 and holds prime contracts with the Defense Intelligence Agency and other members of the larger intelligence community for work in areas such as cloud-native solutions, enterprise data architectures and interoperability initiatives.
The Chantilly-headquartered company’s portfolio also includes support of the Defense Intelligence Information Enterprise framework, which is essentially an online portal that links agencies to software tools for their organization.
For Octo, this smaller tuck-in deal comes in the wake of its merger with Sevatec to create a larger federal technology integrator in the mid-tier with the backing of Arlington Capital Partners.
Arlington Capital entered the investment in Spring 2019 and has supported three deals for Octo since then, starting with the purchase of Connexta later that year.
Volant’s leadership will join Octo and oversee a new division within the intelligence community and Air Force business unit.
G Squared Capital Partners advised Volant on the transaction.