Rockville, MD – April 8, 2011 – Artech Information Systems, LLC (“Artech”) announced today the acquisition of EDGE Professional Services, LLC (“EDGE”), a Washington D.C. based information technology services firm. Terms of the deal were not disclosed.
Artech, headquartered in Cedar Knolls, NJ, is a minority and women-owned business enterprise (MWBE) that provides Workforce Solutions, IT Consulting and Outsourced Project Services. Founded in 1992, Artech employs over 5,200 professionals and maintains over 20 locations across the US, India, China and Mexico. Artech was ranked #4 on Staffing Industry Analysts’ 2010 “List of Fastest-Growing US Staffing Firms.”
Founded in 1997, EDGE provides professional, technical and information technology services to commercial and federal government clients in the United States. The Company provides these services from its strategically located corporate headquarters in Rockville, Maryland. The Company is a Department of Defense Top Secret Cleared facility and an approved U.S. General Services Administration Schedule 70 supplier. EDGE has been recognized many times as one of the Top Ten Staffing Firms in the Washington D.C. region according to the Washington Business Journal.
According to Artech’s President Ranjini Poddar “We are very impressed with the consistently high performance of the EDGE team. EDGE has achieved significant growth in the last few years, both in their commercial and government business segments.” Added Ajay Poddar, Artech’s Executive Vice President, “ We are excited to support management’s plans for the business as it continues onto its next phase of growth as part of Artech.”
Blaine Smith, EDGE’s Executive Vice president who will continue to lead the organization post-close, commented, “EDGE’s relationships and skills in serving the Federal Government marketplace, along with leading commercial organizations in the Mid-Atlantic, will fit superbly with the infrastructure and delivery expertise that has been central to Artech’s unmatched growth and reputation. We are excited to join the Artech and EDGE teams together to create an organization focused on continuing to deliver superior client service in our growing marketplace.”
Rick Harrison, EDGE’s President and Managing Partner, will continue to support EDGE throughout the transition to Artech and beyond, “When we entered this process we couldn’t have imagined a better outcome than this opportunity with Artech for all of EDGE’s stakeholders. Our investment bank, Fairmount Partners, ran a thorough strategic process and was a critical advisor to us from the very beginning through to the transaction closing. My Partners, Steven Benjoar and John Bucy, and I have enjoyed building EDGE over the years into one of the premier IT services firms in our region. We have been incredibly fortunate to be surrounded by an exceptionally talented team and are excited for the future opportunity presented by the combination of EDGE with Artech.”
Fairmount Partners advised EDGE and originated and structured the transaction.
ABOUT ARTECH INFORMATION SYSTEMS LLC
Artech is a minority and women-owned business enterprise (MWBE) that provides Workforce Solutions, IT Consulting and Outsourced Project Services. Headquartered in Cedar Knolls, NJ, Artech employs over 5,200 professionals and maintains over 20 locations across the US, India, China and Mexico. Artech was founded in 1992 and today is a Tier-1/Preferred Supplier to more than 45 Fortune 500 companies. The firm is certified by the NMSDC and WBENC and is the recipient of the 2009 NMSDC National Supplier of the Year award — the highest honor a minority supplier can receive. Artech is also ISO 9001, ISO/IEC 27001 and SEI-CMM certified. For more information, visit: www.artechinfo.com
ABOUT EDGE PROFESSIONAL SERVICES, LLC
EDGE Professional Services, is a full-service contracting firm dedicated to providing the Federal Government and industry clients with security cleared, mission critical human capital solutions. EDGE has a 14 year history with proven past performance within a variety of Business, Information Technology, Professional, and Science disciplines delivered to government customers across the United States. EDGE is able to provide its federal government clients with personnel that hold various levels of Secret and Top Secret United States federal security clearances. This increasingly significant capability in working with the United States Federal Government as it relates to Cyber, DoD and Intelligence opportunities is a primary focus of the Company’s current and future growth initiatives. Additionally EDGE provides its commercial industry clients with Business, Engineering, IT, Scientific, and Telecommunications consultants. EDGE is headquartered in Rockville, MD and possesses a DoD Top Secret facility clearance. For more information, visit: www.edgeps.com
Principals of Fairmount Partners acted as advisors to EDGE Professional Services, LLC in this transaction.
Fairmount Partners is a registered Broker Dealer, member FINRA (www.finra.org) and SIPC (www.sipc.org).
Richard W. Thatcher, Jr.