ARLINGTON, Va., July 31 (UPI) -- Accenture Federal Services plans to acquire ASM Research Inc., a move that will expand its business in the military health market.
Terms of the transaction, which is subject to regulatory review, have not been disclosed.
"This strategic acquisition will expand our U.S. federal health capabilities, serving the needs of military personnel and veterans, and will help us better support clients in our growing health business across North America," said Steve Rohleder, Accenture's group chief executive in charge of the Health & Public Service operating group.
ASM Research is an employee-owned company with expertise in healthcare IT, information solutions and services, data analytics, cloud, data warehousing, human capital management and benefit solutions and software development.
"I've served at ASM Research for more than 30 years helping to build this great company. We needed the right partner to take us to the next stage in our growth and Accenture was the perfect choice because of its shared commitment to both employees and clients," said ASM Research CEO Jeri Lassiter. "Accenture stands out among systems integrators in its ability to deliver important and complex mission solutions across the enterprise and we're excited to join forces to make a difference for our clients and our people."
Once the transaction is completed, ASM Research will operate as a wholly owned subsidiary of Accenture Federal Services.