Digitalspec, Llc Announces Joint Acquisition By Neural Investments And Island Empire (Nho)

Sep 17, 2021•almost 4 years ago

Acquiring Company

DIGITALSPEC

Acquired Company

Joint

Privacy And SecurityGovernment And MilitaryInformation Technology

Description

DIGITALSPEC ("DSPEC"), a cutting-edge Information Technology (IT) and digital solutions firm has today announced its acquisition by growth equity fund, Neural Investments in partnership with Island Empire Community Development (Island Empire), a Native Hawaiian Organization (NHO). Island Empire is looking to accelerate the evolution of next-generation IT consulting and delivery capabilities through DIGITALSPEC and its subsidiary Island Empire Technology Services (IETS). IETS has an application for certification as a NHO-owned 8 (a) pending with the U.S. Small Business Association and once that certification has been obtained, IETS will be able to leverage its IT consulting services to the U.S Department of Defense (DoD) through sole-sourced contracts in amounts upto $100M. NHO 8(a) Contract Vehicle will enable IETS to drive greater organizational efficiency for the DoD while providing benefits to the native Hawaiian community. DIGITALSPEC will continue to maintain its current branding and identity as a wholly-owned subsidiary of Island Empire.

Company Information

Company

DIGITALSPEC

About

DIGITALSPEC, LLC. is an SBA-certified minority and small business, CMMI Level SVC/3, ISO 9001:2015, ISO 20000:2011, ISO 27001:2013 certified technology corporation, encapsulating more than 100 years of combined business and IT experience, deep domain expertise, and rich technical knowledge. Founded in 2005, the organization is headquartered in Fairfax, VA, supporting a spectrum of federal and commercial clients. The Federal clients include the Department of State, Department of Commerce, Drug Enforcement Administration (DEA), Department of Education, DISA, Department of Defense (DOD)/Washington Headquarters Services (WHS), Missile Defense Agency (MDA), Transportation Security Administration (TSA), Customs and Border Protection (CBP), and Immigration and Customs Enforcement (ICE).

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High M&A Activity

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