On April 12, Hanover, MD-based ClearShark announced that it has signed a definitive agreement to acquire FedBiz IT, a leader in providing information technology through some of the most flexible Federal contract vehicles. FedBiz IT will operate as a wholly owned subsidiary of ClearShark.
“The addition of FedBiz IT’s contracts capability and portfolio are particularly complementary and a natural extension to ClearShark’s focus on architecting solutions that help Federal agencies drive their modernization efforts and protect against cybersecurity threats,” said Brian Strosser, ClearShark president.
“The synergies realized from ClearShark’s acquisition of FedBiz IT will enable market-leading information technology products and services to be purchased by our Federal customers in an extremely efficient and streamlined process,” Jeremy Feinberg, VP of finance at ClearShark, said.
The acquisition of FedBiz IT brings ClearShark skilled resources with a deep understanding of contracts capture, contracts management, and compliance along with a broad set of contracts to simplify the acquisition of critical information technology and related services to modernize and secure information technology within the Federal Government. Specifically, FedBiz IT’s contracts portfolio include many widely-used contracts including NASA SEWP V, Army ITES-SW2, Army ADMC-3, SEC Blanket Order Agreement, among others.
“We are excited to be part of a high-performing company like ClearShark,” said Don and Nina Tiaga, president and CEO of FedBiz IT, respectively. “This is an incredible opportunity to upgrade and expand our horizons in the Federal Government sector. Our employees have been the DNA of our success, and with their talent and experience, federal contracts, and the leadership of ClearShark’s highly successful team, we are confident we will be able to seize new opportunities ahead and remain the market leader in this segment.”
Source: ClearShark
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