Dulles software company to buy Texas-based firm
Unanet to acquire Cosential
Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential.
Terms of the transaction were not disclosed.
Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosential provides software used for business development and marketing.
“Project-based businesses are demanding better service and better technology than have been provided by legacy vendors,” Unanet CEO Craig Halliday said in a statement. “Unanet and Cosential share a commitment to our customers and to hard work that results in exceptional outcomes. With our advanced technology, proven innovation and knowledge of the GovCon, A/E and construction industries, we can bring a best-in-class alternative to the status quo so customers gain the satisfaction and innovation they deserve.”
Unanet and Cosential also have many mutual customers, according to the acquisition announcement.
“Cosential customers will gain increased investment in their business development and marketing solution, and gain access to Unanet’s ERP,” Cosential CEO Dan Cornish said in a statement “Unanet has proven its commitment to investing in technology to benefit all customers, so we know the future will result in many cutting-edge new capabilities.”
Unanet plans to close on the acquisition during the fourth quarter of this year, according to a company statement.