M&A Deal Summary

rockITdata Acquires Pharos Group

On October 25, 2022, rockITdata acquired business services company Pharos Group

Acquisition Highlights
  • This is rockITdata’s 1st transaction in the Business Services sector.
  • This is rockITdata’s 1st transaction in the United States.
  • This is rockITdata’s 1st transaction in Virginia.

M&A Deal Summary

Date 2022-10-25
Target Pharos Group
Sector Business Services
Buyer(s) rockITdata
Deal Type Add-on Acquisition

Target

Pharos Group

Haymarket, Virginia, United States
Pharos Group is a Service-Disabled Veteran Owned Small Business (SDVOSB) and full-scale Performance Excellence consultancy. Pharos provides strategy management, workforce development, operational excellence, and decision support services. It continues to grow by providing efficient and effective services to Federal Agencies. Pharos Group was formed in 2008 and is based in Haymarket, Virginia.

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Buyer(S) 1

Buyer

rockITdata

Philadelphia, Pennsylvania, United States

Category Company
Founded 2019
Sector Information Technology
DESCRIPTION

rockITdata offers next-generation cloud technology and contact center solutions, purpose-built for the government. The company’s innovative solutions elevate customer support experiences for public sector agencies of all sizes, while delivering the value of cloud infrastructure scalability. rockITdata is a Veteran, Minority, and Woman-owned Small Business Certified by NWBOC. Uniquely focused on AWS and Salesforce capabilities, rockITdata uses advanced AI and ML capabilities and has developed its own proprietary contact center as a service (CCaaS) solution, rockITCX, which has quickly gained traction in the marketplace. rockITdata was formed in 2019 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1