CGI acquires US government-focused consultancy TeraThink
Montreal-based IT consultancy CGI has acquired TeraThink, an IT consultancy focusing on the US federal government. The acquisition will be rolled into CGI Federal, the firm’s US operating subsidiary which serves federal agency clients.
TeraThink was founded in 2002, with an initial focus on integrating enterprise resource planning (ERP) solutions for the federal government. The Reston, VA–based firm has since expanded to offer services in digital transformation, enterprise finance & risk, and data analytics & optimization. TeraThink’s technology partners include SAP, ServiceNow, MuleSoft, and Oracle.
The company in 2017 doubled its size to $80 million in annual revenues when it merged with Dominion Consulting, a Reston-based IT consultancy with similar capabilities and focus on defense and federal civilian clients.
TeraThink today has 250 employees across two offices in Reston and one location in Washington, DC.
CGI’s acquisition of TeraThink expands its consulting expertise and its enterprise application development and management services. The merger will significantly increase the scale of enterprise applications support provided by CGI Federal to all three branches of government, according to a release from the firm.
"TeraThink and its approximately 250 professionals have made significant contributions for their federal government clients," said George D. Schindler, president and CEO of CGI. "Through combined portfolios, we strengthen our capabilities and broaden our offerings to meet the growing digitization needs of federal agencies."
CGI Federal partners with agencies to support defense, civilian, healthcare, and intelligence missions. Its large scale programs include modernizing the Army and Navy’s global acquisitions platform, processing and producing domestic US passports, and modernizing and operating the EPA’s Central Data Exchange.
“TeraThink and CGI Federal share a culture of delivering quality services, addressing evolving needs in partnership with our clients, and maintaining a track record of high client satisfaction and longevity,” said Tim Hurlebaus, president of CGI Federal. “We look forward to welcoming the TeraThink members to the CGI team.”
CGI last year acquired Sunflower Systems, a San Ramon, California–based provider of asset management software and services for the public sector.
