Excella secures investment from Attain Capital
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By
Ross Wilkers
Excella will use these financial resources to aid in its expansion efforts on the technology capability and growth fronts.
Digital transformation provider Excella has secured a minority investment from Attain Capital, the private equity firm founded and led by Greg Baroni.
Excella becomes the fifth company overall and second government contractor to receive the backing of Attain Capital, a vehicle for making control and certain minority investments in companies providing technology services to government and education clients.
Terms of the investment in Excella announced Tuesday were not disclosed, but the company said it will use those resources to expand its technology offerings and support the overall growth strategy.
Arlington, Virginia-headquartered Excella opened for business in 2002 and today touts its core focus areas as including organizational transformation, modern software delivery, and artificial intelligence and analytics.
Excella has received $46.1 million in unclassified prime contract obligations over the trailing 12-month period, according to GovTribe data.
Four of the company's largest customers are the departments of Homeland Security, Health and Human Services, Energy and Treasury. The Office of Personnel Management rounds out the top five major agency clients of Excella.
Within DHS, the company is working to modernize the U.S. Citizenship and Immigration Services agency's IT systems and applications under a potential $119 million delivery order booked in 2022.
Holland & Knight and Cooley acted as legal counsel to Excella and Attain Capital, respectively.