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G Squared Advises Softrams on its Sale to Tria


Tria Federal (Tria), the premier middle-market Technology and Advisory services provider delivering mission-critical digital transformation solutions to health and public safety agencies across the federal sector, today announced the acquisition of Softrams, a leading technology firm specializing in human-centered digital services and system modernization for federal agencies. Tria is a portfolio company of Sagewind Capital, a government technology-focused U.S. private equity firm.

The combination creates a scaled, vertically integratedprovider of technology and advisory capabilities serving critical missions across federal health, as well as other public safety customers spanning the federal government. The new Tria Federal will have over 1,500 employees supporting customers in 20-plus federal agencies.

“Our acquisition of Softrams is an inflection point in our journey to become a major player in federal health,” said Tria CEO Tim Borchert. “Softrams brings exceptional technical capabilities and customer relationships that complement our existing strengths across multiple agencies. Together, we will deliver both innovative products and comprehensive services that help government agencies work faster, grow smarter, and stay nimble in the face of change.”


“Looking ahead, we are uniquely positioned to tackle the government’s most pressing challenges, with comprehensive coverage and unmatched expertise in the largest federal health agencies,” said Borchert. “By combining our advisory and technical offerings, we will deliver the expertise and value typically found only in the largest businesses, while maintaining the agility and innovation that have defined both companies. This combination opens new doors for our customers, our employees, and our future growth in multiple federal sectors.”

Softrams’ largest customer is the Centers for Medicare & Medicaid Services (CMS); it also supports agencies including the Department of Homeland Security (DHS), Department of Defense (DOD), and Department of Labor (DOL). The company has developed a strong reputation for driving innovation and modernization while maintaining performance during periods of transition.

With over 650 technical professionals specializing in cutting-edge technologies including AWS, Kubernetes, Salesforce, Snowflake, and Databricks, Softrams significantly expands Tria’s technical delivery capabilities.


“Becoming part of the Tria Federal team creates an incredible opportunity to expand our collective impact across the federal sector,” said Atchut Kanthamani, CEO of Softrams, who will become Tria’s Chief Strategy Officer. “Our shared commitment to technical excellence and mission success will allow us to deliver even greater value to customers across health and public safety missions.” This strategic combination addresses growing demand for integrated technology and advisory solutions across the federal sector. Government agencies, particularly VA, DHA, and HHS, will benefit from Tria’s enhanced ability to deliver end-to-end solutions at scale while maintaining the agility and innovation of a mid-market provider.


The merger also creates new opportunities for industry partners, as Tria’s expanded capabilities and contract portfolio enable broader collaboration on critical government programs.


G Squared Capital Partners served as the exclusive investment bank to Softrams.

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