Tetra Tech eyes tech consulting, R&D growth in eGlobalTech acquisition
- By Ross Wilkers
- Apr 03, 2019
Engineering firm Tetra Tech said Wednesday it has acquired Arlington, Virginia-based government technology and management consulting services provider eGlobalTech.
Terms of the transaction were undisclosed, but Tetra Tech CEO Dan Batrack said in a release that the deal adds the Health and Human Services Department as a new customer for his company.
Founded in 2004 by the late Sonya Jain, eGlobalTech has at least 300 employees that provide strategic and consulting services to agencies in technology areas such as artificial intelligence, data science and cloud computing. The company posted 2016 revenue of around $80 million.
EGlobalTech also brings to Tetra Tech an internal research-and-development organization known as “eGT Labs,” which was established as a technology incubation engine to facilitate prototyping and testing of new tools by both the company and government customers.
“The integration of emerging technology into our consulting practice continues to advance Tetra Tech’s ability to provide innovative solutions for our clients,” Batrack said in the release. “The addition of eGlobalTech and their laboratory incubator will allow us to pilot and apply exciting new techniques that incorporate artificial intelligence, data analytics, and advanced cybersecurity solutions for our government and commercial customers.”
This acquisition comes nearly three years after Pasadena, California-based Tetra Tech purchased Indus Corp. to add more services centered around “smart water,” or the use of IT in the form of analytics, sensors and data collection to manage water resources.
Tetra Tech posted $2.9 billion in revenue for its most recent fiscal year ended Sept. 30 and 32.9 percent of that was from federal agencies, or $974.3 million.
Sonya Jain died in December 2017 after a battle with cancer and was succeeded as CEO by her husband Sanjiv Jain.
“This merger will provide us with the high-end partnership, with a like-minded company that will continue to advance the application of IT to more clients and projects, while providing extraordinary new opportunities for our employees to apply their expertise,” Sanjiv Jain said in the release.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at firstname.lastname@example.org. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.