Virtual Technologies Group (VTG), through strategic capital from Jacmel Partners, announced today that it has acquired Quotient, Inc. (Quotient), a provider of customized IT solutions including systems integration, full-stack software development, cyber security, project management, scheduling and operational support to U.S Federal agencies. Post-closing, Quotient will continue to serve its breadth of customers as a subsidiary of VTG.
This acquisition aligns with VTG’s strategic vision to enter the government contracting market and provide a comprehensive suite of services to its base of over 1,000 customers nationwide. The combined company will provide tailored end-to-end solutions across IT Managed Services, Professional Services and Infrastructure Logistics Services to government agencies, manufacturing, healthcare, education, non-profit organizations and SMBs.
“We’re excited to be partnering with Quotient to unlock its next phase of growth,” said Nick Jean-Baptiste, Founder and Co-Managing Partner at Jacmel. “At Jacmel, we believe in building on the vision of our portfolio company founders and are impressed with Quotient’s track record of growth under the stellar guidance from its leadership team. The company continues to distinguish itself as a critical service provider to its clients and we are thrilled to partner with Quotient, alongside VTG to deliver effective IT solutions and reliable customer service, while fostering a culture of collaboration, integrity and excellence.”
“We look forward to the opportunities ahead as we join forces with Jacmel and VTG,” said Clark Lare, Co-Founder of Quotient. “This partnership enables us to leverage VTG’s extensive suite of IT solutions and diverse customer base to establish a dynamic platform poised for accelerated growth and innovation.”
“This partnership marks a significant milestone for Quotient. Together, we will have the scale, resources and capabilities to better serve our customers, expand market reach and deliver enhanced value to our investors and employees,” added Mike Schall, VP, Technology Solutions at Quotient.
VTG received financing from Brightwood Capital Advisors to complete the partnership with Quotient. Benchmark International served as a sell-side advisor to Quotient. Willkie Farr & Gallagher LLP served as legal counsel to Jacmel and VTG while Bowie & Jensen LLC represented Quotient on the transaction.
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