Kforce Inc. snaps up dNovus

Kforce Inc. has acquired dNovus RDI of San Antonio in a move that bolsters Kforce's ability to act as a prime contractor for information technology particularly in the government health care market.

The company paid $38 million for dNovus, which had $32 million in annual revenue, Kforce officials said in a statement.

dNovus brings Kforce capabilities in network operations and information assurance, health care informatics, intelligence applications, and research and development. Major customers include the Veterans Affairs and Commerce departments, the Air Force, and the Army.

"We believe this step is a significant enhancement of the Kforce footprint in the prime federal government sector," said David Dunkel, Kforce's chairman and chief executive officer said, "This combination will enable Kforce's government solutions segment to well exceed $100 million in annual revenues in 2009."

The investment bank Houlihan Lokey served as an advisor to dNovus in the sale. The transaction fits with several merger and acquisition trends in the government market, including the high priority health IT has for buyers and the growing demand for companies with military network operations and information assurance qualifications, Houlihan Lokey said in a statement.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.