McDonald Bradley buys SPS fed biz unit
- By Kerri Hostetler
- Nov 20, 2006
Software Performance Systems Inc. won't be providing services to federal agencies anymore. McDonald Bradley Inc. of Herndon, Va., acquired the federal business unit of Software Performance Systems, Inc., for $15 million.
SPS could earn an additional $3.5 million from the sale if the company hits revenue targets, said an official with McDonald Bradley.
SPS of Falls Church, Va., which was founded in 1995 and offers Web-based solutions and assistance in service-orientated architectures to federal, state and local governments, sold a business unit that accounted for 85 percent of its annual revenue.
With the acquisition of the unit, McDonald Bradley Inc, will pick up customers such as the Library of Congress and the National Oceanic and Atmospheric Administration. The company also bolsters its presence in the Department of Justice and the Patent and Trademark Office where it already has contracts.
McDonald Bradley will keep 60 SPS employees and 20 consultants for its civilian agency unit.