Growing provider of national security focused IT solutions receives venture capital investment to fuel strategic tuck-in acquisitions
Blue Delta announces that it has made a venture capital investment in ITC Federal (ITC), a growing provider of national security focused IT solutions and enterprise services to U.S. Federal Government agencies. This investment represents a significant milestone in ITC Federal’s evolution, providing the capital, resources and industry expertise that will help further enhance the company’s proven capabilities, including its ability to pursue strategic tuck-in acquisitions.
“We are delighted to secure this venture capital investment from Blue Delta as we embark on the next chapter in ITC Federal’s growth,” said Greg Fitzgerald, CEO of ITC Federal. “Blue Delta’s deep and proven expertise in the federal government market and their successful track record with companies like ours makes them an ideal partner for our team, as we continue to drive innovation for our national security and law enforcement customers and we deliver unparalleled value to their missions.”
For nearly two decades, ITC Federal has worked alongside government leaders to support missions focused on national security, law enforcement, and citizen services, providing full lifecycle enterprise IT, cloud infrastructure, DevSecOps, federal financial system, and mission support services. The investment from Blue Delta Capital Partners is a strong endorsement of ITC Federal’s accomplishments to date, its management team, the company’s service offerings, and its potential for significant future growth. With Blue Delta’s support, ITC will continue to expand its service delivery capabilities and solution offerings, further cementing its reputation as a reliable partner to our Nation’s critical IT services missions.
Phil Nolan, General Partner at Blue Delta Capital, remarked “ITC Federal has built an impressive reputation for delivering mission-critical solutions to law enforcement and national security customers in the federal government and we are thrilled to join Greg’s team and support their expansion plans, helping to amplify their impact in the market,” he said. “Our investment reflects our strong belief in ITC’s leadership team and their strategic vision for the future.”
About Blue Delta Capital Partners
Blue Delta is a growth stage venture capital firm focused on the U.S. federal government services market. We built the firm in late 2009 to fill a void in the marketplace, investing alongside entrepreneurs who want to grow their businesses, but without having to sell controlling ownership stakes in their companies or limiting growth initiatives from too much debt. Our team delivers decades of proven experience in venture capital investing and deep operational expertise as former CEOs. Our mission is to deliver value beyond our capital to the companies with whom we partner. www.bluedeltacapitalpartners.com
About ITC Federal
ITC Federal is a large enterprise services and solutions provider, dedicated to supporting the national security and law enforcement missions of federal government agencies. With the resources and scale necessary to meet mission-critical demands, ITC Federal is deeply committed to the success of its government clients. www.ITCFederal.com
