Canberra’s Projects Assured has been acquired by DWS Group.

In a statement to the Australian Stock Exchange, DWS said it would acquire strategic management and IT consulting business Projects Assured for an initial payment of $30 million.

The deal gives the national IT services group access to key Federal Government clients.

Projects Assured Co-founders and Joint Executive General Managers, David O’Rourke and Greg Sly, will stay on.

In 2017 Projects Assured grew its revenue by 158.4 per cent to hit $17.7 million, earning the No.5 spot on the 2017 CRN Fast50.

DWS has a diverse service offering and Projects Assured will add a management consultant string to its bow.

David O’Rourke and Greg Sly said in a statement that DWS shared their vision for the future of the Projects Assured business and they were delighted to be part of a leading ASX-listed Australian IT services group.

The acquisition means the DWS Group – which has offices in Melbourne, Sydney, Brisbane and Adelaide plus a small office in Canberra – will now have more than 800 employees nationally.