Sevatec has merged with Octo to address technology challenges with innovation, high-touch service and substantial technical and operational resources across the federal government, Sevatec reported on Wednesday.
“In a market full of multi-billion-dollar organizations that provide a wide variety of traditional products and services, customers are seeking highly specialized, mid-sized technology partners with deep experience in digital modernization, which is exactly what the combination of Octo and Sevatec offers,” Sonny Kakar, founder and CEO of Sevatec, said.
Under the merger, Kakar will serve as vice chair of the Board and head of Strategy. Sevatec’s chief growth officer, Tim May, will serve in the same role with the combined organization, and Chuck Schefer, executive vice president (EVP) at Sevatec, will serve as EVP with the new firm.
Schefer will manage programs across the General Services Administration (GSA), Department of Homeland Security (DHS) and the U.S. Patent and Trademark Office (USPTO) markets. Mehul Sanghani, Octo’s founder and CEO, will continue to serve as the chief executive of the combined entity.
The combined firm will offer market-leading, proprietary solutions and branded intellectual property across the full modernization spectrum, such as DevSecOps, Agile Software Engineering, Open Source Software Development, Artificial Intelligence (AI) and Blockchain solutions. The solutions will be managed by Octo’s oLabs R&D facility.
“With this transaction, I firmly believe we have created a unique, market-shaping organization that is unmatched in terms of its collective ability to be a pure-play modernization and technology solutions provider to the Federal Government and its wide-ranging missions,” said Sanghani.
The Octo-Sevatec merger will feature large-scale modernization qualifications and experience across the federal marketplace with franchise positions in several agencies. Pillsbury Winthrop Shaw Pittman served as legal advisor, and Baird served as exclusive financial advisor to Sevatec on this transaction.
“Sevatec is a great success story and case study for a company graduating out of the small business program to winning large scale, strategic contracts in a competitive environment,” Alex Sevilla, a managing director for Baird's government and defense team, told ExecutiveGov.