And Then There Are Sixteeen: Indus Acquired By Tetra Tech
Indus Corp Acquisition by Tetra Tech likely Affects NETCENTS-2 Role
This week's announcement of the acquisition of Vienna, Virginia-headquartered Indus Corp by Pasadena, California-based engineering services contractor Tetra Tech will affect their role as a NETCENTS-2 NETOPS Small Business contract holder. Tetra Tech's 16,000+ employee base far exceeds the 1500 employee standard for the NETCENTS-2 NETOPS SB contract. Timing is everything, the next question is when will Indus/Tetra Tech's size standard be recertified as is required under the NETCENTS-2 contract. A reading of FAR suggests a size standard review is required within thirty days of a merger, acquisition, or after execution of a novation agreement.
Tetra Tech's acquisition of Indus is reportedly part of a push to expand footprints in markets such as data analytics and geospatial analysis. “Integrating Tetra Tech’s top-ranked water management consulting experience with INDUS’s spatial and water information management capabilities expands our services for key clients such as the U.S. Environmental Protection Agency,” said Tetra Tech CEO Dan Batrack.
“It is an extraordinary opportunity for us to join a firm that broadens our IT technical capabilities focused on data analytics, cloud provisioning, and mobility services for projects across Tetra Tech’s end markets,” Indus CEO Shiv Krishnan said.