"Aquilent builds on Booz Allen's existing digital capabilities, bringing greater expertise to deliver the digital services that citizens expect the Federal government to provide in a modern, 24/7 environment," said Greg Wenzel, Executive Vice President for Booz Allen's digital business. "This acquisition expands our network of digital solutions offerings with a team of technologists and a modern facility where we can advance cutting-edge solutions for our clients and take advantage of growth opportunities in the market for large digital projects."Aquilent Chief Executive Officer David Fout said, "Joining a firm like Booz Allen, which aligns so closely with our expertise, offers the chance to expand into new areas of digital work, expands capabilities for our clients through the breadth of their relationships, and is a great opportunity for the people of Aquilent. We look forward to working together to support existing and future clients." In 2016, Aquilent was ranked by Inc. as one of the 50 Best Workplaces in the U.S. and was named the 2015 Cloud Service Provider of the Year by Micro Trend. Booz Allen has continued to invest in technical capabilities in recent years as part of the firm's long-term growth strategy, called Vision 2020. The firm sees growth opportunities driven by client demand for technology innovation in areas such as cloud, big data and mobility, advanced development methodologies and more rapid solution deployments. The firm's differentiator in digital solutions is its unique ability to network its broad range of technical capabilities and talent across the country, delivering a deep understanding of its clients' missions and sensitivity to the management challenges of organizational adaptation and adoption. In recent months, Booz Allen has won several large contracts for digital services, including:
- A $25 million contract to support the GSA 18F to rapidly deploy tools and services that are easy to operate, cost efficient and reusable across government agencies. Under this contract, Booz Allen is primarily responsible for delivering digital services through agile development, user-centered design, and DevOps.
- A 7-year contract awarded by the USPS Enterprise Mobile Computing (EMC) IDIQ, which is one of the largest mobility contracts among public sector applications. This award positions Booz Allen as a mobile leader and enhances its Digital Solutions brand in the Federal space. It builds upon its mobile and SD business across markets and will provide its people with exciting opportunities to work on cutting-edge mobile projects.
FORWARD-LOOKING STATEMENTSCertain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "could," "should," "forecasts," "expects," "intends," "plans," "anticipates," "projects," "outlook," "believes," "estimates," "predicts," "potential," "continue," "preliminary," or the negative of these terms or other comparable terminology. Although Booz Allen believes that the expectations reflected in the forward-looking statements are reasonable, it can provide no assurance these expectations will prove to have been correct. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Such forward-looking statements are based on current expectations and assumptions of our management that involve a number of known and unknown risks, uncertainties and other factors which may cause actual results or events to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, the risks associated with our ability to consummate the acquisition, our ability to realize the anticipated benefits of the acquisition, and other factors detailed in Booz Allen's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K, filed with the SEC on May 19, 2016. All forward-looking statements attributable to Booz Allen or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, Booz Allen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. BAHPR-FI