Oddball gets new private equity backer
Started in 2016, Oddball works with federal agencies on tech design and deployment efforts to aid in how they deliver citizen services.
Oddball, a digital services provider for agencies looking to modernize their interactions with citizens, has accepted a growth investment from the private equity firm Falfurrias Management Partners.
Travis Sorensen and Rob Wilkinson, respectively CEO and chief technology officer, started Oddball in 2016 to work with federal clients on human-centered design and deployment efforts to aid in how they deliver citizen services.
Oddball said Friday that Sorensen, Wilkinson and other key management team members will remain in their roles.
Marybeth Wooton, an executive adviser to Falfurrias and former Berico Technologies chief executive, will join Oddball’s board of directors as part of the transaction for undisclosed terms.
“We’re a strangely human force driving innovation in government digital services, and Falfurrias — with its deep industry experience, operational focus, and team of operators, investors, and veterans — represents the perfect strangely human match to support Oddball’s next stage of growth,” Sorenson said in a release.
McLean, Virginia-headquartered Oddball has recorded approximately $117.2 million in unclassified prime contract revenue over the trailing 12 months. The Veterans Affairs Department represents approximately 53.4% of that spend with the Centers for Medicare and Medicaid Services next at 34.5%, according to USASpending.gov data.
At VA, Oddball built the Vets.gov website under a subcontractor and later booked a prime award to provide the infrastructure for VA.gov. Oddball won the recompete for VA.gov and is at work on enhancing that website.
Oddball’s VA portfolio also includes the five-year, $2.4 billion contract vehicle called CEDAR that focuses on the development of digital products for VA’s user experience initiatives.
Oddball also led the work to modernize Medicare.gov for CMS, along with other data integration and modernization initiatives.
The equity for Falfurrias’ investment in Oddball comes from Falfurrias Capital Partners V, an operationally-focused lower middle-market fund.
KippsDeSanto and Blank Rome were Oddball’s financial and legal advisers, respectively. Holland and Knight worked as legal advisers to Falfurrias.
Falfurrias’ other significant federal technology portfolio company is Synergy ECP, which the former acquired in the fall of 2023 and has since made a pair of buys with that backing.