CGI makes deal for asset management software outfit
CGI has acquired asset management software provider Sunflower Systems to bring the latter company’s portfolio of offerings to both commercial businesses and federal government agencies.
Terms of the transaction announced Tuesday were undisclosed, while CGI said it agreed to the deal Aug. 27 and closed it Aug. 30.
Sunflower, also known as Annams Systems Corp., was founded in 1992 and is headquartered in San Ramon, California, with offices in Arlington, Virginia. The company’s software is designed to support decision making, accountability and regulatory compliance for assets such as property, IT and materials.
Over recent years, CGI’s acquisition strategy has centered around tuck-in deals for more commercially-oriented companies that also bring in federal contracts and offerings that can be tailored to government agencies.
Sunflower pulled in $6.1 million worth of prime contracting obligations from federal agencies in the 2018 fiscal year, according to Deltek data. A substantial portion of that came through the IT Schedule 70 contract vehicle and from the departments of Homeland Security, Commerce and Justice.
"CGI's merger with Sunflower Systems is aligned to our ‘Build and Buy’ strategy, providing opportunities to expand our offerings to the public and private sector, and offering IT modernization opportunities aligned with our strategy," CGI Federal President Tim Hurlebaus said in a release.
In acquiring Sunflower, CGI sees the deal supporting its Momentum software offering used by federal agencies in budget planning, financial management, acquisitions and asset management.