AP NEWS

Octo Awarded $15M Multi-Year Contract to Provide Software Sustainment and Cloud Integration Services to U.S. Air Force Financial Management

November 14, 2018

RESTON, Va.--(BUSINESS WIRE)--Nov 14, 2018--Octo Consulting Group (Octo), a premier next-generation IT services provider to the Federal Government, today announced the company has been selected for a new multi-year award contract by the Secretary of the Air Force, Financial Operations (SAF/FMF), valued at more than $15 million. As part of the contract, Octo will develop, maintain, and sustain the Air Force Financial Systems Operations (AFFSO) software systems. The partnership will support several U.S. Air Force applications, including eFinance, LeaveWeb, and FMSuite.

As part of an effort to automate the completion of financial processes and documents, Octo will help optimize the eFinance and FMSuite systems. These two applications integrate financial management processes to streamline, track, and automate critical Air Force budgetary, financial planning, and compliance activities. The third system, LeaveWeb, is the application used by all active duty Air Force members to request, approve, and process military leave requests. LeaveWeb is the only financial management system used by every active duty Air Force member, and supports more than 2 million transactions annually. The work will be performed on Wright-Patterson Air Force base in Dayton, Ohio.

“Octo is excited to support AFFSO’s development and sustainment of the LeaveWeb, eFinance, and FM Suite applications,” said Jim Vant, Executive Vice President - Defense & Intelligence. “We are pleased that the Air Force selected our team to lead this mix of sustainment and modernization work. This represents an exciting foray into the Air Force IT development space as well as into the Wright-Patterson Air Force Base community.”

A core component of the planned effort is the migration of the LeaveWeb application to the AWS cloud. This migration will increase the resilience, scalability, and availability of the LeaveWeb application – critical given the enormous number of daily users around the Globe.

“We look forward to supporting AFFSO and the Air Force more broadly, and helping bring new energy and process expertise to modernize these critical systems,” said Mehul Sanghani, Chief Executive Officer of Octo Consulting. “Octo truly appreciates the opportunity to support these critical administrative systems that enable the Air Force’s execution of global operations.”

With this win, Octo expands its technical services into the Office of the Secretary of the Air Force joining Octo’s existing and historical support to the Army, Navy, Air National Guard, and the Intelligence Community.

About Octo Consulting Group

A premier provider of technology solutions, Octo empowers federal agencies to modernize faster. Our combination of technical innovation and pragmatic execution unleashes new capabilities, bolsters security, and transforms service delivery. We specialize in scalable Agile software development, user experience design, and cloud engineering solutions to improve, modernize, and optimize government IT systems.

Known for challenging the status quo and continually exploring new ways to deliver value, our superior outcomes are the result of our collaborative analytical approach and partnering with our customers. Headquartered in Reston, Virginia, Octo builds flexible solutions that evolve as missions change, delivering results that last. Learn more at octoconsulting.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005059/en/

CONTACT: For Octo Consulting Group

Sean O’Leary, 703-390-1526

oleary@merrittgrp.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA OHIO VIRGINIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE SECURITY PROFESSIONAL SERVICES CONSULTING FINANCE DEFENSE CONTRACTS OTHER DEFENSE

SOURCE: Octo Consulting Group

Copyright Business Wire 2018.

PUB: 11/14/2018 08:30 AM/DISC: 11/14/2018 08:30 AM

http://www.businesswire.com/news/home/20181114005059/en

AP RADIO
Update hourly