- By Brian Edwards
- Native Contracting
Aerospace and defense contractor Yulista Holdings LLC said this week it acquired Colorado Springs, Colo.-based DSoft Technology, Engineering & Analysis, Inc. Terms were not disclosed.
Huntsville, Ala.-based Yulista, the federal contracting arm of the Calista Corporation, said the acquisition of DSoft would enhance its capabilities and expand its market presence in the technology sector. DSoft Technology will continue operations under its established brand name.
Founded in 1998, DSoft Technology is a Service-Disabled, Veteran-Owned Small Business (SDVOSB) providing consulting services and solutions for a broad range of clients including the Department of Defense and organizations in the civil and commercial sectors.
Over the past five years, DSoft has seen steady growth in federal contracting revenues, earning more than $41 million in contracts from the Air Force, along with more than $10 million spread across the USDA, Federal Aviation Administration and Veterans Administration, according to data from HigherGov.
Following the acquisition, DSoft will gain Alaska Native Corporation Small Disadvantaged Business certification.
The transaction builds on Yulista’s momentum in the tech sector, including federal contracting. Last year, the Anchorage-based firm bolstered its technology portfolio with the acquisitions of StraitSys and Troy7 to become part of Yulista’s Tech Services Group of 8(a) companies.
Earlier this month, StraitSys announced it was awarded a 5-year contract by the Federal Bureau of Investigation to provide IT research and consultancy services for the FBI’s Laboratory Division in Quantico, Va.
A provider of big data analytics, I.T. services, counter insider threat initiatives, cybersecurity and program management, StraitSys has offices in metropolitan Washington, D.C. and in Huntsville. The company, which was a certified woman-owned small business at the time of the acquisition, also has prior experience in serving clients including the FBI, Merrill Lynch and Shelby County Criminal Courts, as well as a range of Department of Defense agencies.
Alaska Native corporation subsidiaries with the Small Business Administration’s 8(a) certification can pursue federal set-asides and sole-source contracts of any size. They also have higher thresholds for sole-sourced contracts within the Department of Defense, for example.
As Tribal Business News previously reported, many eligible groups in Indian Country have turned to federal contracting in recent years to diversify their economies. For example, a report from the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis noted that federal contracting is the focus of a substantial portion of tribal non-gaming enterprises.