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

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.