
Apptis, Inc. (“Apptis”) is a rapidly growing, privately held company in the federal information technology services sector. Apptis provides end-to-end enterprise solutions (both products and services) to a wide range of federal government agencies, with low perceived risk of budgetary cutbacks.
Apptis excels in its ability to create strong collaborative relationships with customers, particularly in the areas of network engineering and convergence, software engineering and development, storage management, managed IT solutions, security consulting, enterprise support services and technology deployment services.
Through top down analysis, New Mountain proactively identified the federal services industry as a large, growing and economically defensive industry, beginning in the year 2000. In October 2003, Apptis’ owner-managers selected New Mountain as their chosen partner without an auction, due to management’s desire to maintain a very significant minority ownership position in Apptis and to find the best “value added” private equity partner to then help build Apptis further.
Since the initial investment, New Mountain has actively supported the management team in their execution of an accelerated growth strategy. This strategy has culminated in the completion of four key acquisitions and a continued focus on organic growth. Financial systems and technological capabilities have been upgraded, and key new executives and board members have been added to the Apptis team. Apptis' earnings and customer base has more than doubled since New Mountain's investment was made.
www.apptis.com
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