GovSpend, a provider of government intelligence services and portfolio company of Thompson Street Capital Partners, a private equity firm based in St. Louis, and Endicott Growth Equity Partners, a New York-based investment firm, has completed its acquisition of Fedmine, a provider of federal government contracting and spend intelligence services headquartered in Rockville, Maryland.
“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,” said Ashok Mehan, founder and CEO of Fedmine.
Jeff Rubenstein, CEO of GovSpend, said, “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, added, “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.”