We have been selected as the prime contractor by Pension Benefit Guaranty Corporation (PBGC) for their Financial Management Systems-Information Technology Support Services (FMS-ITSS) contract. This five-year unrestricted single award IDIQ (indefinite-delivery indefinite-quantity) contract, with a $100 million ceiling, represents exciting new work for TeraThink. The award demonstrates the continuing success of our strategy to lead transformation initiatives. We welcome the opportunity to support PBGC in achieving their strategic goals.
Today we are proud to announce that TeraThink has been awarded a $12M single award Task Order from the U.S. Department of Veterans Affairs. We will be performing independent verification and validation (IV&V) services in support of their Financial Management Business Transformation (FMBT) initiative. This multidimensional IV&V support for the VA’s financial business system implementation will utilize CGI’s Momentum® Federal ERP suite. This win demonstrates our long-held reputation for excellent performance delivering Enterprise Resource Planning (ERP) programs.
The Department of Defense (DoD) has awarded TeraThink a prime position on the Improved Dashboard Analytics and Workflow Support (IDAWS) Blanket Purchase Agreement (BPA). We are excited to apply our Information Management and Predictive Analytics expertise to enhance the tools used by DoD for decision support.
This award extends our long history providing financial management expertise to the DoD. Valued an estimated $140M over 5 years, winning this multi-award BPA is a testament to our team’s excellence supporting the DoD.
The U.S. Department of Agriculture (USDA) awarded TeraThink $10M for Organizational Change Management and Business Process Reengineering. Awarded as part of the USDA Shared Services Lines of Business Solutions (SSLOBS) Blanket Purchase Agreement (BPA), our expansive financial management and modernization experience is directly relevant to USDA objectives. This experience was key to our winning these task orders.
TeraThink has completed an asset purchase agreement to support the Defense Logistics Agency’s J6 Enterprise Technology Services (JETS) contract vehicle. The DLA JETS contract is a multiple-award firm-fixed-price quantity contract with a five-year base period of performance. The DLA has already purchased over $500M in IT services through the vehicle since March 2017. With a three-year option and a total contract ceiling of up to $6 billion, TeraThink’s opportunity to grow at the DLA is substantial.
We believe our digital transformation, enterprise applications, and information management capabilities are a great fit for DLA’s needs. TeraThink’s service offerings clearly align to the recently released 2018-2026 DLA Strategic Plan. We welcome the opportunity to assist DLA Information Operations (J6) in realization of its vision of a global presence, agile and innovative, and focused on the warfighter first.
Today we are proud to announce that Steve Hamric will be joining TeraThink as our new Chief Financial Officer. Steve will oversee all finance and contracts aspects of TeraThink, including financial planning, management, and reporting operations.
We are thrilled to have Steve on board at TeraThink as we enter the next phase of our company’s evolution. His experience will help us to play a stronger role in the industry.
I am proud to announce the appointment of Madame Secretary Deborah Lee James to our Board of Directors, effective immediately. James joins myself, our CEO Dan Maguire, and Doug Wagoner on the TeraThink board. Created after our merger with Dominion Consulting last November, the board is charged with steering the overall direction and overarching policies of the organization. Adding someone of her stature to our board is sure to have a lasting effect on our company’s ability to be an impactful force in the Federal realm.
I asked Madame Secretary about joining TeraThink’s Board of Directors. What she shared added to my excitement for her joining the board.
TeraThink puts its customers and employees first, which is why I’m honored to join the board of such a fast growing technology and consulting firm. I look forward to joining this high performing team to help improve the operational effectiveness and business processes of our government clients.
Today, TeraThink is delighted to announce the appointment of Doug Wagoner to our Board of Directors. Doug joins Paul Lombardi, the Board’s Executive Chairman, and Dan Maguire, our CEO, on the TeraThink Board. Together, the Board sets the overall direction and overarching policies for TeraThink.
Doug is an accomplished leader and is highly-respected throughout our industry. We are thrilled to have him join our Board of Directors and know that his presence on our Board is going to have a huge impact at TeraThink going forward.
– Paul Lombardi
Doug brings 30 years of experience as a leader in the Federal Information Technology and Management Consulting to TeraThink. In addition, he is an awardee of the prestigious Fed100 list which honors influential leaders in the government contracting arena.
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.