In a move to strategically expand its business in the growing military health market, Accenture Federal Services (AFS) has agreed to acquire ASM Research, Inc., a leading provider of advanced information solutions and services to U.S. defense and federal health clients. The acquisition will expand Accenture’s capabilities and opportunities with the Department of Defense (DoD) and Veterans Affairs (VA). ASM Research will become a wholly owned subsidiary of AFS. Terms of the transaction were not disclosed.
An employee-owned company headquartered in Fairfax, Va., ASM Research has focuses on healthcare IT, information solutions and services, data analytics, cloud, data warehousing, human capital management and benefit solutions and agile software development.
The acquisition aims to address the growing demand of the military health market by merging the added depth of ASM’s federal health solutions with Accenture’s ability to deliver large-scale clinical, technology and business services. The acquisition will also put Accenture on a solid track to aid in the modernization currently underway at the Department of Veterans Affairs and Department of Defense.
Jim Traficant, AFS managing director, will lead the new subsidiary company.