IT contractors Acentia, 2020 Co. combining


Acentia chief executive Todd Stottlemyer, left, and Robert McCord, president and COO. (Jeffrey MacMillan/Capital Business)
April 1, 2012

Acentia’s busy year just got busier.

Within the last year, the Falls Church-based information technology contractor has changed its name and relocated its headquarters. Today, it plans to announce it is combining with Falls Church-based 2020 Co., which specializes in health IT.

The move creates a company of 1,200 employees — 700 from Acentia and 500 from 2020 — and about two-thirds will be based in the Washington-Baltimore region. Additionally, Acentia, as the combined company will be called, will add existing 2020 offices in Atlanta and Baltimore.

The deal “gives us more technical resources, more relevant past performance [and] some added customers, particularly in the health care area,” said Todd Stottlemyer, Acentia’s chief executive. The new company “will be at a size where we are large enough to go after really any opportunity we would like to pursue as a prime contractor.”

Health IT has increasingly become a focus area for contractors, as health care organizations look to share more information and records electronically. Falls Church-based General Dynamics last year paid nearly $1 billion to acquire Arlington-based Vangent, which specializes in health care services, while Bethesda-based Lockheed Martin bought Diamond Bar, Calif.-based QTC Holdings, which provides outsourced medical evaluation services to government agencies.

At the enlarged Acentia, Stottlemyer will remain in his position, while Robert McCord of 2020 will become president and chief operating officer. Mike Raymond, chief strategy officer at 2020, will become Acentia’s chief strategy officer.

Stottlemyer said the company is expected to reach about $300 million in revenue in 2012, but declined to provide the terms of the deal. Previously, about half of Acentia’s work is in health IT; he said that percentage will grow to about 60 percent with the addition of 2020.

Both Stottlemyer and McCord called the deal a merger, noting that there is very little redundancy between the two companies. For instance, 2020 has work at the Centers for Medicare and Medicaid Services and the Centers for Disease Control and Prevention, while Acentia has business at the National Institutes of Health, the Department of Health and Human Services and the Pentagon’s military health system.

Though each has a contract vehicle at the Food and Drug Administration, they are different programs.

Just months ago, Acentia, which was known as ITSolutions until last year, relocated its headquarters from Silver Spring to Fairview Park in Falls Church, the same area where contractors including Computer Sciences Corp., General Dynamics and Northrop Grumman are based.

Acentia and 2020’s main offices are within walking distance, but Stottlemyer said they will seek to consolidate the new company’s headquarters in Acentia’s new building.

$300M

Expected revenue of Acentia for 2012 with the addition of 2020, according to Acentia chief Todd Stottlemyer.

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