ALEXANDRIA, Va., Sept. 1, 2016 /PRNewswire/ -- Phase One Consulting Group, LLC (www.pocg.com), today announced it has raised funding to strengthen its federal ecosystem and further accelerate the rate of modernization in the Federal IT sector, a roughly $80 billion market opportunity. Participating investors include Salesforce Ventures.
"There is an application layer revolution happening in the Federal sector, the likes of which have not been seen in 30 years. Massive O&M spending is forcing Agencies to re-think their fundamental application architecture decisions. Salesforce is the way of the future in Federal, as it enables incredibly fast modernization of legacy systems and provides significant cost savings over outdated legacy technologies," says Jerad Speigel, CEO of Phase One.
"The Salesforce ecosystem includes visionary consulting partners that play an integral role in bringing Salesforce innovation to life," said Dave Rey, executive vice president, North America public sector, Salesforce. "I am excited to see Phase One continue to deliver exceptional success to its customers in the quickly growing Federal IT sector."
The pace of Salesforce adoption is quickening in the Federal sector. In December 2015, GSA issued its Salesforce Integration and Implementation Support Services (SIISS) government-wide BPA with a $503M contract ceiling. To date, Phase One has won all tasks completed via this BPA.
About Phase One
Phase One is a CMMI-Level 3 certified, Gold level Salesforce partner; providing services and solutions to over 40 Federal Agencies. As a full lifecycle firm, Phase One helps clients with strategy, planning, design, and implementation of their next generation cloud applications. Phase One is majority owned by RLJ Equity Partners, a middle-market private equity firm founded in 2006 by Robert L. Johnson in partnership with The Carlyle Group.
About Salesforce Ventures
Salesforce Ventures—Salesforce's corporate investment group—invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world's largest cloud ecosystem and the guidance of Salesforce's innovators and executives. With Salesforce Ventures, portfolio companies can also leverage Salesforce's expertise in corporate philanthropy by joining Pledge 1% to make giving back part of their business model. Salesforce has invested in more than 150 enterprise cloud startups since 2009. For more information, please visit www.salesforce.com/ventures.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/phase-one-turbocharges-federal-it-modernization-with-latest-investment-round-300321423.html
SOURCE Phase One