Stellar acquires StanSource

ROCKVILLE, Md., May 12, 2020 /PRNewswire/ — Stellar IT Solutions, Inc. announces its acquisition of StanSource, Inc., an information technology services and solutions provider based in Dulles, Virginia. StanSource will continue to operate under its own name as a wholly owned subsidiary of Stellar. Further, the newly created Stellar iDea Labs, an in-house technology incubator, encourages product innovations and solutions by fostering start-ups and fast-tracking them through a highly collaborative process.

Stellar delivers technology solutions from a global talent pool tailored to IT consulting services by leveraging a proprietary recruitment process enabling rapid scalability. With the StanSource purchase, Stellar employs over 150 employees and consultants.

“Stellar serves as a main source of talent for our clients, and the acquisition of StanSource allows us to expand our talent footprint in the Washington, DC, area,” said Dipak Thakker. “This, in turn, allows us to respond quickly to the talent needs of diverse clients.”

Stellar iDea Labs focuses on technology gaps in the private and public sectors, using proprietary AI/ML solutions, and is exploring solutions in hospitality, the opioid crisis, contact centers, financial regulation, and e-commerce. “At Stellar, we are constantly looking at technology gaps and market opportunities. The incubator enables us to seek solutions,” said Joshua Sircus. “Stellar iDea Labs is unique in that it allows all employees and consultants to bring their ideas in-house using company resources.”

In 2016, Dipak Thakker formed Prayag Technologies, Inc. as a government and commercial talent management company. Prayag subsequently acquired KSIT Consulting, Inc. and Stellar Software Network, Inc., and the combined companies were branded under the name Stellar IT Solutions, Inc.