U.S. government agencies are looking everywhere they can to cut costs — including the cost of information technology. Tight budgets will be the dominating factor in federal IT procurement over the next several years — at least. Yet in the face of budget discipline — and even slightly projected declines in spending — two venture capital companies see great promise in the federal IT market. Madison Dearborn Partners and CoVant have created a joint vehicle “to identify and secure equity investments in the federal government technology services and solutions market.”
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New Venture Firms See Major Opps in Federal IT Market
Posted by: John K. Higgins May 23, 2012 05:00 AMU.S. government agencies are looking everywhere they can to cut costs — including the cost of information technology. Tight budgets will be the dominating factor in federal IT procurement over the next several years — at least. Yet in the face of budget discipline — and even slightly projected declines in spending — two venture capital companies see great promise in the federal IT market. Madison Dearborn Partners and CoVant have created a joint vehicle “to identify and secure equity investments in the federal government technology services and solutions market.”