Kihei (Maui), Hawaii, August 19, 2010 – Akimeka LLC, a fast-growing Native Hawaiian health service information technology consulting company was acquired today by VSE Corporation (Nasdaq: VSEC), headquartered in Alexandria, VA. Akimeka recorded revenues during 2009 of approximately $38 million, and operating income of approximately $6.5 million.
Akimeka, headquartered at the Maui Research and Technology Park in Kihei, Hawaii, has offices in Virginia, Florida and Texas that have been serving the U.S. Government market for more than a decade. Akimeka is a recognized leader in the Department of Defense health services and logistics sector. Most recent awards Akimeka has garnered include: 2009 SBA National Small Business Person-of-the-Year (SBPOY), Runner-Up; 2009 SBA Hawai’i SBPOY; 2009 Ko’i Award Winner, Maui Native Hawaiian Chamber of Commerce; 2008 “Best Places to Work,” Hawai’i Business Magazine.
Akimeka complements VSE’s most recent acquisition, G&B Solutions. G&B is an established information technology provider to many federal agencies, including the Departments of Health and Human Services, Homeland Security, Interior, Labor, Social Security Administration, the Pension Benefits Guarantee Corporation, and the National Institutes of Health.
Akimeka founder and CEO, Vaughn Vasconcellos said, “We are excited about the opportunity to continue our growth with VSE. We share common goals with VSE and see this acquisition as very positive for the State of Hawai’i, our customers and Akimeka employees. We are committed to continuing our local community outreach which includes assisting the underserved in the communities where we live and work and also providing leadership and educational opportunities for the youth of Hawai’i.”
Most of Akimeka’s customers are in the Military Health System. Core expertise lies in E-health; Enterprise Architecture; Information Assurance/Business Continuity; Public Safety; Web Based Technologies and Systems Design and Integration.
VSE President and CEO/COO Maurice Gauthier said, “The acquisition of Akimeka is a strategic move by VSE to strengthen our IT offerings, particularly in the sector of health IT. G&B Solutions, a VSE subsidiary, has health IT customers in the civilian agencies such as NIH and now we add Akimeka, which has an excellent portfolio of Defense agency health IT customers. Akimeka is a well managed, respected and profitable information technology company. Not only did we find the right strategic fit, we also found a great cultural fit. The acquisition brings over 200 employees to our staff, and it adds momentum to our strategic plan for growth and increasing profitability.”
For more information on VSE Corporation, www.vsecorp.com.
About Akimeka
Akimeka develops advanced IT solutions that help government customers make critical decisions, support troops around the globe, and respond rapidly to emergencies. By blending top technical talent, specialized domain knowledge, and superior customer service, Akimeka delivers high-impact solutions for high-priority challenges. A fast-growing Native Hawaiian company, Akimeka is ISO 9001:2000 certified and has offices in Honolulu, Maui, Orlando and Tampa, FL, San Antonio, TX, and the Washington D.C area. |