DFW Capital Partners is pleased to announce that its portfolio company Information Innovators Inc. (“Triple-i”), a professional information technologies services company, has acquired Global Net Services, Inc. (“GNSI”).
To facilitate the transaction, DFW invested additional capital in the form of preferred equity and expanded the Triple-I’s senior debt facility. Doug Gilbert, a General Partner at DFW said, “We are excited to join two well respected firms and fortunate to add talented executives to the team. The combination creates a formidable player in the Federal IT space with broad capabilities, deep technical knowledge, exemplary customer service, and strong growth prospects.”
GNSI is known for its high quality Health IT Solutions, primarily for the Food and Drug Administration (“FDA”). The acquisition is intended to significantly strengthen and expand Triple-i’s solutions portfolio and IT offerings to its Federal Government customers. The combination enables Triple-i to further enhance its client solutions in the areas of software and systems development, hosting and cloud services, business intelligence and geospatial information systems.
“These are critical and compelling times for our government as they move toward a technological convergence,” says Steve Ikirt, CEO of Triple-i. “Bringing together Triple-i and GNSI enhances our capabilities to best enable and support the solutions that our customers seek to achieve their mission success. We are excited about what this highly-complementary merger of two great firms represent and welcome GNSI to the Triple-i family.”
Ori Reiss, Founder and CEO of GNSI stated, “We are very excited about how our combined strengths can support our customer missions. Together with Triple-i, GNSI can expand its reach into other U.S. government agencies and will provide us with the resources to accelerate our growth, broaden capabilities to serve our clients and enhance career opportunities for our staff.”
The merger combines the enterprise-level technology services experience and expertise of Triple-i with the assessed CMMI Level 3 software and systems development, hosting and cloud services, business intelligence and geospatial information systems capabilities and talent of GNSI. By complementing the 600 Triple-i professionals with GNSI’s subject matter experts and development staff, the combined organization will provide clients access to one of the most agile large businesses supporting the Federal Government IT, under the direction of Triple-i CEO Steve Ikirt.
GNSI was represented by KippsDeSanto & Co. as financial advisor and Holland & Knight LLP as legal counsel. DFW and Triple-i were represented by Ropes & Gray LLP as legal advisor.
About Information Innovators Inc.
Information Innovators Inc. (‘Triple-i’) is a professional services company dedicated to delivering best-value IT services and solutions through the innovative application of our employees’ experience and state-of-the-art technologies. Triple-i brings process-based solutions to high-risk, complex Federal Government initiatives through its three business lines–Health IT Solutions, Defense Solutions, and Federal Solutions. Triple-i has core capabilities in the areas of IT operations and maintenance, Enterprise-level IT consolidation, Cloud hosting, Health IT solutions, and cyber security.
Triple-i was founded in 2001 and is headquartered in Springfield, VA. Currently, Triple-i provides IT services for 9 Federal Departments including Veterans Affairs, Department of Defense, Transportation, Health and Human Services, Commerce, Justice, Homeland Security, Interior, and Treasury.
About Global Net Services, Inc.
Global Net Services, Inc. (‘GNSI’) provides software and systems development, hosting and cloud services, business intelligence and geospatial information systems to the Food and Drug Administration (FDA and Department of Education (DOE) providing decision support to the policy makers. GNSI has a resource pool of world-class talented program managers, software and web developers, system engineers, business analysts specializing in the areas of Health IT Solutions. It capabilities span the application development, systems integration and IT support services.
Global Net Services, Inc. was started in 1995 by Ori Reiss, Founder and CEO, and is headquartered in Rockville, Maryland. Since that time, GNSI has established a significant footprint within the Food and Drug Administration (FDA).
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in building companies and generating returns for its investors. DFW is headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information contact Keith Pennell, Managing Partner, at (201) 836-6000
.