Pearson to buy Blueprint Technologies
- By Roseanne Gerin
- Mar 17, 2006
Pearson Government Solutions Inc. will announce Monday that it plans to acquire Blueprint Technologies Inc. for an undisclosed amount.
The acquisition will fortify Pearson Government Solutions' consulting services in business process modeling, enterprise architecture modeling and service-oriented architecture development. It will add about 15 new federal customers, said Mac Curtis, chief executive officer of Pearson Government Solutions.
"Blueprint Technologies gives us a real consultancy in high-end enterprise architecture," Curtis said, adding that the company is looking for other acquisitions that would broaden its customer and contract bases.
Both companies have some clients in common, including the Centers for Medicare and Medicaid Services and the Health and Human Services and Labor departments. Some of Blueprint Technologies' other government clients are the Agriculture and State departments, Bureau of Labor Statistics, Federal Deposit Insurance Corporation, Food and Drug Administration, IRS, NASA, National Institutes of Health and Office of Management and Budget.
Terms of the deal were not disclosed, but Curtis said the transaction is a stock offer. He declined to give a specific dollar amount, citing the parent company's policy. The Arlington, Va., company expects to close the deal in early April.
Blueprint Technologies is a private, woman-owned, small business founded in 1997. It specializes in architecture-based solutions for the federal and corporate information technology markets.
When the transaction is completed, the company will become an operating business unit of Pearson Government Solutions, called Pearson Blueprint Technologies, and will remain at its location in Vienna, Va. Jeanne O'Kelley, Blueprint Technologies' president, chief executive officer and co-founder, will lead the new unit.
Blueprint Technologies has more than 50 employees, but expects to almost double that amount this year, said Norman Lorentz, the company's senior vice president and chief technology officer. The company does not publicly disclose its annual revenue, he said.
Pearson Government Solutions has more than 5,000 employees and had annual revenue of more than $500 million in fiscal 2005, Curtis said. The privately owned firm ranks No. 38
on Washington Technology's 2005 Top 100
list of federal prime contractors.