ARLINGTON, Va. & MCLEAN, Va.--(BUSINESS WIRE)--Excella, a pioneer in Agile technology solutions, today announced that the company has secured a minority investment from Attain Capital to advance its focus on delivering differentiated technology solutions in support of critical client missions. This partnership comes after Excella continued its record of strong growth in 2023, while becoming well-positioned to expand its capabilities and presence across federal and commercial markets.
Recently, Excella has doubled down on its efforts to deliver meaningful solutions to clients, which resulted in record growth for the company in 2023 of over 30% increase in revenue. As the technology landscape continues to evolve, Excella has strengthened its differentiation in the market and its capture approach to achieve an 82% win rate across the public and private sectors. Excella has gained recognition from industry peers as a result. Just last week, Washington Executive honored Excella CEO and co-founder Burton White with a 2024 Chief Officer Award for his commitment to innovation and continued growth.
The investment from Attain Capital is anticipated to bring a blend of expertise, resources, and relationships to help take Excella to the next level and drive long-term value. The firm primarily invests in companies delivering differentiated technology-enabled solutions and services to government and education clients, making it an ideal partner for Excella. Led by technologists and business leaders, Attain Capital helps portfolio companies strengthen management teams, define and accelerate expansion plans, and improve operations, fostering industry-leading companies that deliver unique solutions to support critical missions.
“This investment is a big win for Excella and strengthens our position to execute our strategy,” said Excella CEO and co-founder Burton White. “Attain Capital’s approach closely aligns with Excella’s values and vision, and their team has significant tech industry expertise that can help us expand Excella’s capabilities in areas like Generative AI. This partnership will drive growth for Excella to create even more opportunities for Excellians’ career advancement and even more expertise to solve clients’ critical problems.”
“Burton and the Excella team have built a company with values that strongly resonate with Attain Capital,” said Ted Davies, Managing Partner, Attain Capital. “Our investment in Excella reflects our confidence in their exceptional high-touch service delivery approach and impressive momentum in the market. We believe there is a significant opportunity to scale Excella’s approach that delivers outsized results to their clients in the public and private sectors, while also continuing to invest in the amazing people of Excella. We are thrilled to partner with the Excella team to accelerate their growth and deepen their expertise as they compete against the large IT consultancies.”
Holland & Knight LLP and Cooley LLP acted as legal counsel to Excella and Attain Capital respectively.
About Excella
Excella is an Agile technology firm and transformative partner to leading organizations. Since 2002, federal agencies, prominent brands, and trailblazing non-profits have turned to Excella to transform bold ideas into elegant technology solutions. We believe technology exists to solve challenges and evolve thinking – we help organizations harness this power to make real progress. Learn more at www.excella.com.
About Attain Capital
Based in McLean, Va., Attain Capital is a private equity firm that makes control and select minority investments in firms delivering high-value, technology-enabled solutions and services to government and education clients. We drive value through active ownership focused on building management teams, defining business strategies, executing growth plans, and improving operations fostering industry-leading companies that have unique solutions to pervasive challenges. For more information, please visit attain.capital.
