“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.” Read the full press release here.
Source: Turning Point Global Solutions, L.L.C. and Precise Software Solutions, Inc. Team through a New SBA-Approved 8(a) Mentor-Protégé Joint Venture, December 3, 2021. 24-7 Press Release.
