Capgemini announced, following the fulfilment of all regulatory requirements, the completion of the acquisition of VariQ. The provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States, will be integrated into Capgemini Government Solutions LLC, Capgemini’s independent operating division working with U.S. government agencies. This acquisition will strengthen the company’s position in the Federal market and build momentum for continued growth.
“Not only does the acquisition of VariQ augment our digital and agile capabilities but it also expands the set of industry-leading solutions that we are able to offer the US government agencies that we serve. It is a key part of our vision for growth in the Americas. I am delighted to welcome the VariQ team to the Capgemini Group,” said Jim Bailey, CEO of Capgemini’s Americas Strategic Business Unit and Group Executive Board Member.
VariQ’s range of services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. Additionally, the company holds a digital transformation entity (Rivet Logic) which serves a set of commercial clients and will join Capgemini in the U.S. to further expand its digital capabilities.
“The acquisition of VariQ marks an important moment for Capgemini Government Solutions,” said Doug Lane, CEO, Capgemini Government Solutions LLC. “The integration of its multi-disciplinary highly skilled team and expanded best in class contract vehicles will reinforce our ability to deliver on transformative digital initiatives for the agencies that we serve.”
“Joining Capgemini, with its international scale and breadth of services will enable us to better meet the needs of our client agencies, with access to Capgemini’s extensive range of digital capabilities. It will also offer our people unrivalled career opportunities. We are really looking forward to our next chapter as part of the Group,” said Ben Edson, Founder & CEO of VariQ.
Capgemini previously announced the signature of the stock purchase agreement (SPA) in September pending US applicable regulatory approvals at the time.
Sourced from Capgemini