GovSpend, a provider of government intelligence solutions and a portfolio company of Thompson Street Capital Partners (TSCP) and Endicott Growth Equity Partners (EGEP), has completed the acquisition of Fedmine, a provider of detailed federal government contracting and spend intelligence solutions headquartered in Rockville, Maryland.
Terms of the transaction have not been disclosed.
The founder-led-and-owned Fedmine (www.fedmine.us) was founded in 2004 and provides an advanced online database application containing integrated datasets uniquely curated to serve both industry and government organisations seeking decision-quality information on federal contracts and business opportunities. The acquisition combines this powerful federal focused database with GovSpend’s proprietary state and local focused procurement, bid, contact, and contract data to give clients a comprehensive view into spending across all levels of government.
“Combining the proprietary and most advanced state and local solution with the leading SaaS platform of integrated federal spending data makes GovSpend the only company capable of providing industry and government with this data across the federal, state, and local levels,” says Ashok Mehan, Founder and CEO of Fedmine.
Jeff Rubenstein, CEO of GovSpend, says: “For nearly 20 years, Fedmine has provided best-in-class federal spend and procurement intelligence to help its government vendor clients better capture federal government business and to assist its government agency customers in meeting their own procurement goals. With the addition of Fedmine, we are excited to be able to offer the deepest dataset on government spending, whether at the federal, state, or local level.”
Dan Cooper, Vice President, TSCP, adds: “The acquisition of Fedmine – the first acquisition in GovSpend’s history – will allow GovSpend to provide the market with an unparalleled single source of government procurement intelligence. Any company looking to sell into any level of the government can now rely on GovSpend’s data to compete more effectively. We are thrilled that Fedmine is joining the GovSpend family.”