PA Consulting, a consulting firm that was founded by former VP Mike Ryan, is acquiring Juv Consulting to become a fully-fledged consulting company.
Juv will focus on a range of areas including enterprise IT, IT security, and blockchain, as well as on consulting services to the healthcare and tech industry.
The acquisition was announced in a press release on Thursday.
“We are delighted to announce our acquisition of the Juv team and the team of experts that we are building,” said Pa Consulting CEO Joe Mathers.
“This acquisition will help us better meet the challenges of the rapidly evolving healthcare industry, and our new team will work together to create new, innovative solutions that enable PA’s customers to thrive.”
Juv’s focus on healthcare will include the development of software that will facilitate the management and automation of healthcare data.
“Juv is poised to bring a whole new level of automation to healthcare, and we’re excited to see how the team can help us in our mission to deliver solutions to our customers, and to transform healthcare, for better and better,” said Mather, in the press release.
PA has been focused on helping healthcare companies become more resilient to cyber attacks and fraud since it was founded in 2012.
“PA is proud to bring Juv to our company, which has built a reputation for providing the highest quality IT services, and also to bring on a team of dedicated and experienced professionals that we believe will make our business and the healthcare industry a better place,” said Ryan in a statement.
Juva said it would invest in PA’s infrastructure, software, data center and network infrastructure, and in new software development to support the acquisition.
Juvan, a leading provider of enterprise and government-grade blockchain-enabled services, is a cloud-based, open-source project that has been providing blockchain-based solutions for more than five years.
PA is a strategic partner with Juva.
Juvar has been acquired by PA for $1.1 billion in cash, which will be invested in new products and infrastructure.