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CRGT Announces Acquisition of Guident Technologies

RESTON, Va., Jan. 7, 2013 /PRNewswire/ -- CRGT Inc. ("CRGT"), a leading provider of full life-cycle IT services and emerging technology solutions for the Federal Government, and a Veritas Capital portfolio company, today announced that it has acquired Guident Technologies, Inc. ("Guident"). The acquisition continues CRGT's expansion into key technology growth markets, bringing high-end capabilities in the arenas of big data analytics and business intelligence solutions to CRGT's existing portfolio of IT service offerings.  Ramzi Musallam, Managing Partner at Veritas Capital stated, "This is the third acquisition by CRGT in just over two years. We have strategically added highly differentiated capabilities in vital growth segments of the Federal IT marketplace. Both organically and through acquisition, CRGT has expanded its expertise to match the mission-critical growth areas that are transforming the landscape of Federal IT."

As a leading authority in enterprise solutions, Guident provides end-to-end data analytics strategy and planning services, along with data warehouse, data management and business analytics solutions. Guident utilizes a new generation of technologies and architectures that have emerged to address the three core challenges in big data – volume, variety, and velocity. In addition, Guident's systems engineering capabilities provide clients with enterprise application integration, enterprise resource planning, and content intelligence services, which is highly complementary to CRGT's existing capabilities.

"In addition to a number of new customers, such as the U.S. Environmental Protection Agency, U.S. Department of Transportation, U.S. Patent and Trademark Office and the U.S. Securities and Exchange Commission, Guident adds exciting new capabilities for CRGT in the area of big data that many of our customers are seeking. Data volume is currently generated at an exponential level and is expected to double every two years with an expected compound annual growth of over 40%.  Fragmented sources of data continue to complicate the challenge of aggregating, synthesizing and storing that data in an economical fashion," said CRGT CEO and President Tom Ferrando. "The acquisition of Guident will help us provide compelling solutions to manage both structured and unstructured data challenges for our clients, which is the top ranked technology priority within government agencies for 2013."

CRGT is working at the forefront of several key technology market segments, including a geospatial predictive analytics solution for the U.S. Postal Service to optimize its physical space and shrink its carbon footprint nationwide. CRGT is also operating the largest and most secure information-sharing platform inside the DoD today.  With over 1,400 employees in 45 states and 6 countries, CRGT is proud of its track record of delivering premium quality services and a personal commitment to each and every one of its customers.

About CRGT Inc.
CRGT is a full life-cycle services provider and leading expert in emerging technology solutions for the Federal Government. Working as a close partner with government agencies spanning national defense, domestic security and civilian services, CRGT has earned a proud track record of success with integration and operations for large-scale, high-volume solutions that connect these vital agencies to their diverse constituencies. CRGT is best known for programs such as Army Knowledge Online (AKO), an enterprise-scale, cloud-based, knowledge management solution serving over 2.3 million users globally. More broadly, CRGT is known for its work across numerous innovative technology domains, including enterprise mobile computing, cloud services, visually- and spatially-oriented analytics solution and cyber security in support clients such as the Department of Justice, Department of Homeland Security, the U.S. Army, the Veterans Administration, and the United States Postal Service. Spun out from CherryRoad Technologies in 2008, CRGT is a uniquely positioned, nimble organization that offers customers the flexibility and agility they have valued for over 25 years combined with the strength that comes from being part of the Veritas Capital group. For additional information on CRGT, please visit www.crgt.com.

SOURCE CRGT Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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