Tria Federal Unveils Major Acquisition of Softrams
Deal News | Nov 12, 2024 | EIN

Tria Federal, an established middle-market provider of technology and advisory services, has announced the acquisition of Softrams, a firm known for its digital services and system modernization for federal agencies. This acquisition marks a strategic expansion for Tria, a portfolio company of Sagewind Capital, by integrating Softrams' technical capabilities and customer relationships. The newly combined entity will boast over 1,500 employees and serve more than 20 federal agencies. A significant reorganization follows the acquisition with new leadership roles and a structure organized into three customer-centric business units with dedicated service lines. The merger capitalizes on the growing demand for integrated technology in the federal sector, offering advanced digital transformation capabilities. Softrams' integration plays a pivotal role in Tria's future growth, emphasizing innovation and comprehensive service delivery across health and public safety sectors.
Sectors
- Technology and Advisory Services
- Government and Public Sector
- Healthcare
Geography
- United States – Tria Federal and Softrams serve federal agencies across the United States, focusing on digital transformation within the U.S. federal sector.
Industry
- Technology and Advisory Services – Tria Federal and Softrams both specialize in technology solutions and advisory capabilities, particularly in digital transformation for federal agencies.
- Government and Public Sector – The article involves government-focused service providers that deliver technology and advisory services to federal health and public safety agencies.
- Healthcare – Softrams' main customer base includes large federal health agencies like CMS, aligning the acquisition with healthcare service enhancement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tria Federal | Acquiring Company | Company | A middle-market provider of technology and advisory services, specializing in digital transformation for federal health and public safety agencies. |
| Softrams | Target Company | Company | A technology firm specializing in human-centered digital services and system modernization for federal agencies. |
| Sagewind Capital | Private Equity Firm | Company | A U.S.-based private equity firm focused on government technology that holds Tria Federal in its portfolio. |
| Tim Borchert | Tria CEO | Person | CEO of Tria Federal, involved in the strategic acquisition and organizational restructuring. |
| Atchut Kanthamani | Softrams CEO, Future Chief Strategy Officer of Tria | Person | CEO of Softrams, who will become Chief Strategy Officer at Tria, playing a major role in the transition and merger. |