Leidos and Sky Solutions launch Purple Sky joint venture to accelerate federal digital transformation
Rhea-AI Summary
Leidos (NYSE:LDOS) and Sky Solutions have established Purple Sky, LLC, a strategic joint venture aimed at accelerating federal health agencies' digital transformation. The partnership combines Leidos' expertise in large-scale technology deployment with Sky Solutions' proficiency in low-code/no-code platform development.
The venture will focus on delivering advanced digital services, leveraging technologies including cloud computing, AI, and cybersecurity. Solutions will be accessible through the General Services Administration multiple award schedule, facilitating the implementation of modern technology solutions for federal agencies.
Positive
- Strategic joint venture formation combining complementary strengths in federal technology solutions
- Access to General Services Administration multiple award schedule for easier government contracting
- Expansion into federal health agency digital transformation market
Negative
- None.
News Market Reaction
On the day this news was published, LDOS gained 0.15%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Purple Sky's customer priorities include delivering advanced digital services to help federal agencies upgrade technology, improve access to data, and strengthen mission outcomes, especially in health, human services, and benefits delivery. Its approach is designed to help agencies to operate more quickly, with fewer errors, and build public trust.
"Our goal is to help government agencies modernize with confidence by combining innovation with the security, scale and reliability the federal mission demands," said Milad Bahrami, senior vice president of Health Solutions at Leidos.
The joint venture will leverage both companies' expertise in cloud, AI, and cybersecurity while combining the proven experience Leidos has deploying large-scale technology solutions with Sky Solutions' strengths in low-code/no-code platform development to help federal customers meet their missions on time and on budget.
"This partnership is about solving real-world problems," said Anil Boinapalli, CEO of Sky Solutions. "The name Purple Sky reflects our shared commitment to collaboration and unity, bringing together our strengths to deliver secure, scalable solutions that help agencies and the communities they serve."
Agencies can access these solutions through the General Services Administration multiple award schedule, making it easier to implement modern technology like AI, cloud systems and automated processes.
About Purple Sky
Purple Sky, LLC, is a joint venture between Leidos and Sky Solutions under the SBA Mentor-Protégé program. As a certified SBA 8(a) small business, it combines Leidos' experience with Sky Solutions' expertise in cloud, AI, and cybersecurity. Purple Sky helps federal agencies modernize technology, improve services and meet mission goals through secure, scalable solutions accessible via the GSA Multiple Award Schedule. For more information, visit www.purplesky.com.
About Sky Solutions
Sky Solutions is a digital technology firm focused on helping clients modernize their systems through AI, cloud technology and cybersecurity. Specializing in services such as artificial intelligence (AI)/machine learning (ML), agile development and low-code/no-code applications, Sky Solutions helps organizations reduce timelines, improve outcomes and stay ahead of evolving cybersecurity threats. The firm's experts support public sector agencies and commercial enterprises in government, financial services and healthcare. For more information, visit www.skysolutions.com.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the
Contact:
Brandon Ver Velde
(571) 526-6257
brandon.p.vervelde@leidos.com
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SOURCE Leidos Holdings, Inc.