MERGERS & ACQUISITIONS

Salient buys List to counter coming budget cuts

Company brings self-funded customers to Salient

Salient Federal Solutions Inc. has completed its acquisition of List Innovative Solutions Inc.,expanding its presense in civilian agencies.

The deal is a good strategic move for the company in light of upcoming budget cuts, company officials said. Terms of the deal were not disclosed.

“LIST’s capabilities, people, and contracts are in a position to survive and thrive in the changing federal environment. Together, we will be able to provide superior expertise and capabilities that are in demand today.” Brad Antle, Salient CEO.

Bill Parker, Salient COO, said that the acquisition expands Salient’s growth strategy. He added that this is “is the perfect time to invest in great companies like List, that have capabilities, staff, and contracts we can grow in this market.

List also brings strong software development expertise in case management, COTS and GOTS integration, personnel security systems, and benefit systems.

“The acquisition of List directly supports Salient’s mission to provide the IT, engineering, and analysis services that our customers need most – so they can meet the challenges they face now,” said Antle.

List expands Salient's federal software and application development contracts to over 90 percent of its contract base. It brings work in modernization, big data, financial, personnel security process, case management and benefits management systems.

It will also be able to add to its portfolio flexible blanket purchase agreements within the Office of Personnel Management and the U.S. Patent and Trademark Office, Salient said.

Because List is focused on agencies that are self-funded and support essential national needs, "we expect their funding will have great resiliency,” said Parker.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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
SEARCH

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

 Top 100 Promo 2016
contracts DB