TechAmerica Foundation Changes Hands Again
In a move that the associations claim represents a better fit for TechAmerica's legacy government-procurement offerings, CompTIA sold off the TechAmerica Foundation to the Professional Services Council this week. This removes CompTIA from the federal advocacy sector entirely.
TechAmerica is changing ownership again. Well, part of it is, at least.
The TechAmerica Foundation, the segment of TechAmerica that’s focused on conferences and research within the public tech space, changed hands Monday when CompTIA sold it to the Professional Services Council (PSC). The move comes just nine months after CompTIA purchased the assets of TechAmerica following a contentious period for the lobbying group.
According to PSC’s leader, the deal represents a natural fit for his organization and its members, boosting the council’s tech assets and enabling PSC to provide more resources to members.
“This transaction will enhance PSC’s effectiveness and our ability to deliver greater value to our members,” PSC President and CEO Stan Soloway said in a statement. “The TechAmerica Foundation, its programs, and research are all highly regarded. Moreover, they naturally align with our mission and our organizational model. As such, there is enormous potential to build on those legacies, and we are committed to doing so.”
In the months since it purchased TechAmerica, CompTIA realized that while TechAmerica largely fit into its mission, government procurement issues were less relevant to an association focused squarely on the information technology sector.
“As we evaluated our strategic direction, we recognized that the activities of the TechAmerica Foundation could be better served by an organization aligned to maximize the value of these key resources,” CompTIA President and CEO Todd Thibodeaux said.
In a statement to Washington Business Journal, Thibodeaux said CompTIA would end its advocacy work on federal technology issues.
“The federal public sector portion of the organization has different needs that we believe can be better served by other existing associations,” he said.
The transfer represents another disruption for TechAmerica, which had experienced declining membership and increased employee turnover before its deal with CompTIA. The trade group also found itself mired in a legal battle with the Information Technology Industry Council (ITI) after three former TechAmerica employees allegedly made off with details about members in an effort to persuade some to join ITI, where they had recently been hired.
The legal battle was settled just before the CompTIA deal took place last May, with no admission of guilt by the defendants.