HERNDON, Va., Dec. 19, 2016 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq:MANT) has acquired Edaptive Systems LLC, a leading provider of innovative IT solutions primarily to federal health agencies, with a significant focus on the Centers for Medicare & Medicaid Services (CMS). ManTech funded the acquisition from cash on hand. The acquisition will be slightly accretive to 2017 financial results.
Headquartered in Owings Mills, MD, and founded in 1999, Edaptive has built strong, long-standing relationships with its customers throughout Health and Human Services. Edaptive provides agile software development, testing and automation, business intelligence, data abstraction and IT services.
The acquisition improves ManTech’s position to pursue opportunities throughout the federal health community. The acquisition brings over 250 highly skilled employees. Edaptive Systems becomes a part of ManTech’s Mission Solutions & Services Group, led by Daniel J. Keefe.
“We are excited to welcome Edaptive Systems’ talented employees, trusted capabilities and important customers to the ManTech family,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “This acquisition is consistent with ManTech’s strategy to expand and strengthen our presence within the federal and civilian health markets, with our primary objectives of improving the quality of information available to all clinicians and the quality of care for those in need.”
Edaptive Systems’ Partner Frank Blair added, “Edaptive is proud to become part of ManTech, which has a strong record of delivering innovative solutions to solve our customers’ most pressing challenges. Our healthcare customers and most importantly the clinicians on the front line will benefit from the combined capabilities and our employees will benefit from expanded professional development opportunities.”
AboutManTech International Corporation
ManTech provides innovative technologies and solutions for mission-critical national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the health and space community; and other U.S. government customers. We support important national missions by providing services to approximately 50 federal government agencies under approximately 900 current contracts. ManTech's expertise includes cybersecurity; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; supply chain management and logistics; and management consulting. Additional information on ManTech can be found at www.mantech.com.
