Salient Federal Solutions Announces Acquisition of LIST Innovative Solutions, Inc. (LIST)
Bringing strong organic growth and complementary capabilities, LIST expands Salient's presence in important civilian agencies, with strong software development capabilities in case management, personnel security systems, and benefit systems
FAIRFAX, Va., Nov. 13, 2012 /PRNewswire/ -- Salient Federal Solutions, Inc. (Salient), a leading provider of information technology, engineering, and intelligence analytic services to agencies in the intelligence, defense, homeland security, cyber security, and federal civilian markets, today announced that it has completed its acquisition of LIST Innovative Solutions, Inc. (LIST). LIST is a skilled provider of end-to-end application software solutions to the Federal government.
LIST brings strong year over year organic growth as a prime contractor and complementary capabilities in the federal civilian market. Their capabilities include strong software development expertise in case management, COTS and GOTS integration, personnel security systems, and benefit systems. LIST's success is a direct result of their highly motivated and productive team of employees and managers that are relied upon to support the mission requirements of important federal clients every day.
"The acquisition of LIST directly supports Salient's mission to provide the IT, engineering, and analysis services that our customers need most – so they can meet the challenges they face now," says Brad Antle, CEO of Salient. "LIST's capabilities, people, and contracts are in a position to survive and thrive in the changing federal environment. Together, we will be able to provide superior expertise and capabilities that are in demand today."
LIST expands Salient's prime federal software/application development contracts to over 90% of its contracts base. With the addition of LIST, Salient now adds excellent past performances, relevant to support current opportunities, in modernizing older technologies, big data, financial, personnel security process, case management and benefits management systems. As part of the acquisition, Salient's contracts portfolio will now include flexible BPAs within the Office of Personnel Management (OPM) and the United States Patent and Trademark Office (PTO) with long-term periods of performance.
"Salient's acquisition of LIST accelerates the execution of our growth strategy," says Bill Parker, COO of Salient. "We feel this is the perfect time to invest in great companies like LIST that have capabilities, staff, and contracts we can grow in this market. Because LIST is focused on agencies that are self-funded and support essential national needs, we expect their funding will have great resiliency."
Salient is working to create a new breed of industry partner, an agile company, to help agencies address the risks and opportunities of an abruptly changing world. LIST expands on Salient's important capability set and directly aligns with Salient's core competencies.
About Salient Federal Solutions: Salient Federal Solutions, Inc. is a leading provider of Federal IT and engineering solutions enabling government and industry to respond quickly to new or surge mission requirements with exactly the right people, skills, expertise, and technical solutions. The company works to accelerate mission impact by delivering highly adaptable technology services, engineering solutions, and domain expertise enabling customers to rapidly meet the pressing requirements of today, while anticipating tomorrow's evolving challenges. Salient Federal Solutions is headquartered in Fairfax, Va., with offices in McLean, Colorado Springs, St. Louis, Norfolk, Orlando, San Diego, and Tampa. More information is available at www.salientfed.com.
Salient has been recognized by Forbes Magazine as one of America's Most Promising Companies.
SOURCE Salient Federal Solutions, Inc.
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