Grindstone Partners announces the add-on acquisition of Forgentum by Fulcrum IT Services, expanding its DoD Healthcare Business into Electronic Health Records

ALEXANDRIA, VA, February 27, 2014— Grindstone Partners LLC announced that its portfolio company, Fulcrum IT Services, LLC, acquired Forgentum, Inc., a provider of application development, integrated systems engineering and managed services to the DoD healthcare community. Forgentum complements and expands Fulcrum IT’s healthcare services, providing direct support to the Department of Defense (DoD), Military Health Systems (MHS), Healthcare Artifact and Image Management Solution (HAIMS), as well as the Defense Health Clinical System (DHCS). The Company provides information management solutions that capture, manage and share healthcare data for the military’s worldwide Electronic Health Record (EHR).

Fulcrum CEO Jeff Handy said, “This acquisition solidifies Fulcrum’s offerings in healthcare and includes invaluable talent and historic knowledge working in the military healthcare community”.

Grindstone Partners is a Virginia based private equity firm that partners with managers to create extraordinary shareholder value in small and midsized companies. The firm brings its extensive operational, growth, M&A and turnaround experience and its far-reaching network of resources to its portfolio investments. Grindstone invests in companies with high growth potential and revenue between $10 million and $50 million as well as add-on acquisitions for its existing portfolio companies. Visit www.grindstonepartners.com or contact the firm at (703) 627-9577 or michael@grindstonepartners.com.

Fulcrum IT Services is a leading technology company based in Centreville, Virginia that provides pivotal solutions and services primarily for federal customers in the defense, intelligence, education and healthcare sectors leveraging Software and Systems Development, Cloud Computing, Data Management, CyberSecurity, Data Fusion, and Advanced Technology and Research. Fulcrum provides expert solutions in the areas of Healthcare & Human Capital, Technology Services, Cyber Security, Intelligence Analysis & Operations, and Mission Systems. At Fulcrum we know success depends on high level performance. Visit www.FulcrumCo.com or contact the firm at 703-543-2900 or info@FulcrumCo.com. Fulcrum is actively looking for add-on acquisitions in the $10 million to $50 million revenue range located in the US with emphasis on the highly specialized areas of intelligence, cyber security, data assurance and healthcare IT.