M&A

Convergent Solutions acquired by NYC-based firm

McLean, Virginia-based Convergent Solutions has been acquired by Exiger, a provider of regulatory and risk information services to customers in the government and financial sectors.

Terms of the transaction were undisclosed. In a release Tuesday, Exiger said the deal expands its footprint across nearly every vertical in the federal government including defense, intelligence and civilian agencies.

Founded in 1996, Convergent originally started as an 8(a) company and has since graduated from both that status and the Defense Intelligence Agency’s mentor-protege program. The company’s growth was evidenced by its win of a position on DIA’s almost $6 billion “eSITE” IT services program five years ago.

Convergent’s services include intelligence analysis, security operations, program management and other support. New York City-based Exiger plans to deploy its proprietary artificial intelligence products across Convergent’s government customers in an effort to help them handle complex data sets for screening, vetting and due diligence processes related to initiatives such as vetting of cleared personnel.

"(Exiger’s) products, combined with Convergent's world class employees, industry credentials and experience, can help solve the federal government's biggest challenges related to information management, vendor and personnel vetting, and mission critical risk identification and mitigation,” Exiger Executive Chairman Michael Cherkasky said in the release.

Exiger also sees opportunities in programs involving law enforcement and litigation investigations, vendor due diligence and supply chain risk analysis.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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