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[January 09, 2013]
Kavaliro Acquires Portion of Salient Federal Solutions, Inc.
(Marketwire Via Acquire Media NewsEdge) ORLANDO, FL -- (Marketwire) -- 01/09/13 -- Kavaliro, an award-winning national staffing and services company, today announced an acquisition of the Fannie Mae program from Salient Federal Solutions, Inc. The program boast $10 million in revenue, 58 employees, a 15-year relationship with Fannie Mae and a tenure in high-quality solutions and services within the federal marketplace that will bolster and expand Kavaliro's suite of capabilities and opportunities to its new and existing clients.
"The addition of the program is exactly the opportunity Kavaliro was ready to take on to expand into this specific market and build on our continuous success," said Mark Moore, president of Kavaliro. "Kavaliro's business model is well suited to service Fannie Mae, and the executive management at Salient had the foresight to consider that in their decision to allow this acquisition." The D.C. market has a great demand for highly qualified technical and financial resources, and Kavaliro will provide the flexibility and expertise to attract and retain the best talent. This agreement also provides Salient's team of professionals the opportunity to leverage their relationships to expand in the mid-Atlantic region by bringing in new customers and growing the technology and financial staff augmentation business for Kavaliro.
"This is a very positive situation for our customer Fannie Mae," said newly acquired Executive Vice President Suresh Raj. "We are very excited about the opportunity to better serve our customer through Kavaliro that has a business founded on providing resources in this specific environment." As part of the agreement, Kavaliro acquires all contractual resources affiliated with the program, and all of Salient's internal staff related to Fannie Mae. These individuals possess a high degree of competency in software development using Microsoft .Net and Java technologies which also aligns well with Kavaliro's service offering.
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