ASGN Acquires IndraSoft For Undisclosed Sum

ASGN Inc ASGN has acquired IndraSoft Inc., a cybersecurity and digital transformation solutions provider to the federal government, for undisclosed cash consideration.
ASGN is also granting restricted stock unit awards to 16 IndraSoft employees covering approximately 52,000 shares.
ASGN will integrate IndraSoft’s team of more than 220 consultants into its ECS Missions Solutions business unit.
The company believes the acquisition of IndraSoft deepens its footprint at key customers, including the U.S. Air Force, Army Intelligence, DISA, and other defense agencies.
ASGN had cash and cash equivalents of $386.5 million at March 31, 2021.
Price Action: ASGN shares are trading higher by 0.42% at $96.59 on the last check Friday.