M&A Deal Summary

Octo Acquires B3 Group

On January 5, 2022, Octo acquired internet software and services company B3 Group

Acquisition Highlights
  • This is Octo’s 1st transaction in the Internet Software and Services sector.
  • This is Octo’s 4th transaction in the United States.
  • This is Octo’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2022-01-05
Target B3 Group
Sector Internet Software and Services
Buyer(s) Octo
Deal Type Add-on Acquisition

Target

B3 Group

Herndon, Virginia, United States
B3 Group provides enterprise-level application modernization leveraging low-code/no-code software and platforms such as Salesforce, Microsoft Power Platform, Pega, and ServiceNow; large-scale data governance, integration and analytics; and cloud engineering and operations to federal healthcare customers. B3 Group is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Octo

Reston, Virginia, United States

Category Company
Sector Information Technology
DESCRIPTION

Octo is a provider of digital services for the Federal Government. Octo specializes in providing agile software development, user experience design, and cloud engineering services that address the government’s most pressing missions and modernization challenges. Octo is based in Reston, Virginia.


DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Virginia M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Volant Associates

Chantilly, Virginia, United States

Volant Associates is a technology integrator and software development company at the fore of enterprise-scale IT solutions for the Defense Intelligence, Surveillance, and Reconnaissance (ISR) mission. Volant Associates was founded in 2007 and is based in Chantilly, Virginia.

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