Benzinga | Jul 16, 2021 11:51AM EDT

ASGN Acquires IndraSoft For Undisclosed Sum

* ASGN Inc (NYSE:ASGN) has acquired IndraSoft Inc., a cybersecurity and digital transformation solutions provider to the federal government, for undisclosed cash consideration.

* ASGN is also granting restricted stock unit awards to 16 IndraSoft employees covering approximately 52,000 shares.

* ASGN will integrate IndraSoft's team of more than 220 consultants into its ECS Missions Solutions business unit.

* The company believes the acquisition of IndraSoft deepens its footprint at key customers, including the U.S. Air Force, Army Intelligence, DISA, and other defense agencies.

* ASGN had cash and cash equivalents of $386.5 million at March 31, 2021.

* Price Action: ASGN shares are trading higher by 0.42% at $96.59 on the last check Friday.