Definitive merger agreement transforms the way two pedigreed consultancies deliver value to the federal government.
TeraThink Corporation (TeraThink) and Dominion Consulting (Dominion) today announced a definitive merger agreement in which TeraThink will remain the surviving corporate entity. The merger of equals combines complementary capabilities, experience and commitment to excellence on a much broader platform that yields enhanced service delivery to customers. It brings exceptional scale and value to support customer transformation, automation, and mission goals through expertise in agile development, enterprise application technologies, and cloud computing. The newly formed company will double its size to $80 million in annual revenue evenly allocated across defense and federal civilian customers including Washington Headquarter Services, The Joint Staff, DLA, DOJ, DHS, and USDA.
TeraThink was awarded a new contract from the Department of Homeland Security (DHS) – U.S. Immigration and Customs Enforcement (ICE) – Office of Chief Financial Officer (OCFO) for Data Management and Support Services. TeraThink will continue development of a non-proprietary physical data model and archive to be used by ICE. This support includes Program Management and Support, Functional and Data Analysis, Data Modeling, Data Quality Assessment, and Data Cleansing, Data Loading and Validation Processes, Maintaining a Data Dictionary, and Automation.
TeraThink employees and their families volunteered at the Capital Area Food Bank over the weekend, where we helped sort cans of food, which will be packaged and distributed to families in need. The event was a lot of fun, and we were able to leave knowing we have helped families in our local community. Visit our Facebook page by clicking here to view pictures from the event.
TeraThink has been appraised at level 3 of the CMMI Institutes Capability Maturity Model Integration (CMMI)®. The appraisal was performed by PI&C LLC.
CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 3 indicates the organization is performing at a “defined” level. At this level, processes are well characterized and understood, and are described in standards, procedures, tools, and methods. The organization’s set of standard processes, which is the basis for maturity level 3, is established and improved over time.
Over the weekend, TeraThink employees and their families volunteered with the Honor Flight Network by greeting veterans as they arrived at Reagan National Airport. The Honor Flight Network is a non-profit organization that transports America’s veterans to Washington, D.C. to visit the memorials. To view pictures from the event, please click here to visit our Facebook page and learn more about this great organization by visiting https://honorflightdca.com/.
TeraThink is the prime integrator for Enterprise Funds Distribution (EFD), which is designed to increase visibility, auditability, and efficiency in the management of distributed funds and Congressional Actions for all Department of Defense (DoD) appropriations. EFD will be the authoritative source of Budget Line Items (BLI) for the entire life-cycle of all DOD programs.
In May 2017, the TeraThink Team concluded a year-long contract with a successful Go-Live delivered on time and within budget. The Go-Live enabled funds distribution capability for Defense organizations receiving and distributing Defense-wide funding. This effort also included migrating a user organization to EFD, developing outbound interface file formats, and providing custom reports which contain critical budget data. As a result of the successful implementation, our DLA client gave TeraThink an “exceptional” CPARs rating in 4 out of 5 evaluation areas.
TeraThink is a proud sponsor of the 4th Annual Boulder Crest Retreat Charity Golf Tournament. Boulder Crest is committed to improving the physical, emotional, spiritual, and economic wellbeing of our nation’s military, veterans, first responders, and their family members. See pictures from the event on our Facebook page and learn more about this great organization by visiting http://www.bouldercrestretreat.org/.
On June 24, 2017 TeraThink volunteers dedicated their time to support the Loudoun Homeless Services Center by serving lunch to families in need. To view pictures, please click here to visit our Facebook page.
TeraThink is honored to announce its ranking of #4268 on the 2016 Inc. 5000 List! TeraThink is truly appreciative to be placed on this list for the past 8 years consecutively – a rare and distinguished accomplishment. Click here for more information.
The Naval Supply Systems Command (NAVSUP) awarded The Joint Staff (TJS) Enterprise Business Accountability System (EBAS) Support contract for $29 million to TeraThink Corporation. TeraThink competed against multiple, large system integrators, including the 15 year incumbent, to win this contract. EBAS is a Momentum-based Enterprise Resource Planning (ERP) system that serves as TJS primary budgeting and financial system. Thomas Byers, TeraThink’s Senior Vice President for Defense and National Security Business Unit, states, “We are excited for the opportunity to support The Joint Staff’s critical mission by helping to improve financial visibility and compliance, streamline business operations, and modernize their business systems infrastructure.”