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GovOne Buys GovConnect for $45 Million
govONE Solutions, a vendor of government payments services has announced its acquisition of GovConnect, a provider of government IT and consulting services, for $45 million in cash.
GovConnect was a subsidiary of Renaissance Worldwide, earlier acquired by Aquent. govONE is a holding company of eONE Global, which is backed by First Data and iFormation, an investment group comprised of The Boston Consulting Group, General Atlantic Partners, and Goldman Sachs.
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