Data Systems Analysts (DSA) has acquired Project Performance Company (PPC), a government-focused IT solutions provider that specializes in enterprise systems development and integration, knowledge management, cybersecurity, energy management and environmental sustainability. Financial terms were not disclosed.
DSA has been in fast growth mode. For its fiscal year 2016, revenues were $136.2 million, according to the Inc. 5000 list for 2017. The company had a three-year growth rate of 88 percent and about 305 employees before the PPC buyout, according to Inc.'s data.
PPC will operate as a DSA business unit out of PPC’s facility in McLean, Virginia and will continue to support key programs supporting Department of Justice, National Archives and Records Administration, Environment Protection Agency, and Commonwealth of Virginia, the companies said.
PPC President and CEO Paul Strasser joined the DSA leadership team as part of the deal. DSA CEO Fran Pierce leads the combined businesses.
DSA: An Employee-owned Business
DSA, which dates back to 1963, is 100 percent employee-owned business with a clear set of guiding principles.
The company is organized as an ESOP (Employee Stock Ownership Plan), which means every employee has a stake in the company. ESOP business models have some key strengthens but also invite some potential risks. You can track all of our ESOP business coverage here.
DSA, headquartered in Tevose, Penn., has expertise in Microsoft SharePoint, social business, software, data analytics, systems engineering and integration, and cybersecurity.
In contrast, PPC's business dates back to about 1991. In addition to its government expertise, the company has know-how in such sectors as energy, environment, public safety, national security, financial and regulatory compliance.
Another M&A Deal: This is the second of three M&A deals that ChannelE2E is covering this evening. Check our homepage for the next deal within the next hour or so.
