Tria Federal Unveils Major Acquisition of Softrams

Deal News | Nov 12, 2024 | EIN

Tria Federal Unveils Major Acquisition of Softrams

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

    NameRoleTypeDescription
    Tria FederalAcquiring CompanyCompanyA middle-market provider of technology and advisory services, specializing in digital transformation for federal health and public safety agencies.
    SoftramsTarget CompanyCompanyA technology firm specializing in human-centered digital services and system modernization for federal agencies.
    Sagewind CapitalPrivate Equity FirmCompanyA U.S.-based private equity firm focused on government technology that holds Tria Federal in its portfolio.
    Tim BorchertTria CEOPersonCEO of Tria Federal, involved in the strategic acquisition and organizational restructuring.
    Atchut KanthamaniSoftrams CEO, Future Chief Strategy Officer of TriaPersonCEO of Softrams, who will become Chief Strategy Officer at Tria, playing a major role in the transition and merger.