Small Business Administration approves 8(a) mentor-protégé joint venture between complementary Rockville, MD-based information technology companies
ROCKVILLE, MD, December 03, 2021 /24-7PressRelease/ — The Small Business Administration (SBA) recently approved an 8(a) mentor-protégé joint venture (JV) between Precise Software Solutions, Inc. (Precise) and Turning Point Global Solutions, L.L.C. (TurningPoint). Called PrecisePoint Joint Venture LLC (PrecisePoint), the JV provides a mechanism for customers to obtain comprehensive and mature IT professional services through small business set-aside acquisitions.
Precise provides strategic consulting and system modernization services to the federal government. Although Precise’s primary customer has been the Food and Drug Administration for many years, the company has been expanding its footprint with work at other federal and state organizations. Precise has also been doing ground-breaking and award-winning innovation work in the area of drug safety and counterfeit drug detection.
TurningPoint is a systems integrator and technology company that focuses on health IT, cloud migration, and telecommunications and mobility management solutions. Anchored in IT and project management process maturity, TurningPoint has a nearly 20-year track record of success and a diverse portfolio of clients across 19 federal and five state agencies.
PrecisePoint will provide customers an additional avenue to access the team’s suite of products and services, including TurningPoint’s Network Inventory & Optimization Solution (NiOS®). The team can also leverage Precise’s product development and innovation laboratory for solution development
Upon receiving news that the SBA had approved the mentor-protégé agreement with TurningPoint, Precise CEO Zhensen Huang said, “The Precise team is excited to be working with TurningPoint. Our companies’ capabilities complement each other greatly, and working together we will have many opportunities to grow our respective companies and expand important services to our customers, especially in the area of Health IT.”
TurningPoint’s managing partner David Hughes said he is pleased about the strategic partnership. “TurningPoint and Precise share common ideals and goals for our organizations,” he said. “Our combined strengths of innovation, technology expertise, and systems integration, along with our thought leadership, will assist our customers to modernize their infrastructures and meet mission requirements more quickly. We look forward to supporting Precise through this JV and sharing some of the lessons we have learned over the years as we grew from a small start-up to a large business.”
Precise Software Solutions, Inc., an SBA 8(a) program participant, is an innovative small business with a proven record of success delivering quality services and solutions to government organizations. A CMMI Level 3 company, Precise serves as a trusted advisor to senior technology executives and helps government agencies enhance and expand their information technology capabilities. Precise helps their customers capitalize on the efficiencies offered by technological advancements and ensures the integrity of their IT systems and programs so they can perform their public mission more effectively. The company is known for delivering agile and innovative solutions and specializes in strategic consulting, system modernization and integration, digital transformation and experience, infrastructure and cloud implementation, and data management and analytics. Visit Precise at www.precise-soft.com.
Headquartered in Rockville, MD, TurningPoint provides software engineering and professional IT services for a diversified group of commercial, state, and federal customers. TurningPoint also provides telecom lifecycle and expense management software and services for wireless and wireline services, with a focus on federal and other public sector organizations. The company is appraised at CMMI Maturity Level 5 for development and CMMI Maturity Level 3 for services. TurningPoint is ISO 9001:2015 certified for quality management, ISO 20000:2018 certified for IT service management systems, and IS0 27001:2013 certified for data center hosting. For more information, visit www.tpgsi.com.
For the original version of this press release, please visit 24-7PressRelease.com here