Wellspring Worldwide Inc.

Wellspring Worldwide Inc., doing business as Wellspring, is a for-profit software and professional services vendor based in Chicago, Illinois, that delivers innovation management, intellectual property solutions, and technology transfer knowledge management platforms to federal agencies, operating almost exclusively as a prime contractor (98% of recent awards) on full-and-open, non-set-aside contracts.

Wellspring's capability portfolio centers on cloud-based knowledge management systems, intellectual property docketing and tracking software, technology transfer databases, and related professional services. The vendor's signature product is SOPHIA, a FedRAMP-authorized cloud platform supporting the VA's Office of Research and Development Technology Transfer Program with capabilities including data migration, patent office integration, customizable workflows, and user management for up to 3,000 concurrent users. Representative recent work includes a $7.5 million single-award indefinite delivery contract with the Department of Veterans Affairs (through July 31, 2034) for SOPHIA software and professional services, with two delivery orders issued totaling $881 thousand; a $29.5 million single-award Army indefinite delivery contract (through September 22, 2029) for innovation management and intellectual property solutions including knowledge management systems and technology transfer databases; a $800 thousand definitive contract with the Department of Homeland Security Science and Technology Directorate (completed July 2024) to acquire a system for technology transfer and intellectual property record creation and organization; and a $707 thousand NIST purchase order (through September 2032) for a technology transfer database and document management system.

Customer concentration skews toward the Department of the Army and the Department of Veterans Affairs on a potential-value basis, with the two agencies accounting for roughly 40 and 19 percent of combined potential value, respectively. The top five customers by potential value cover 94% of the combined $48.5 million across all awards. However, award count concentration is more diffuse: the National Institutes of Health (across multiple component institutes including NIAID, NIDA, and NINDS) holds seven awards but only $290 thousand in combined potential value, reflecting small annual subscriptions and maintenance orders, while the Army's two awards carry $31.2 million. The VA anchors five awards valued at $9.1 million. Wellspring holds three single-award IDIQs with the Army, VA, and the Office of General Counsel (a $1.8 million contract for an IP docketing system running through July 2031), all full-and-open, non-set-aside positions.

Recent activity shows clustering: eight awards in 2024 followed by one in 2025 and four in 2026, reflecting delivery order issuance patterns under multi-year IDIQs rather than sustained volume growth. Only two awards totaling $814 thousand face ultimate completion within the next twenty-four months, presenting modest recompete exposure. The SCI dataset reports $123 thousand in invoiced prime revenue in FY2024 across six records, with no FTE trajectory recorded — this reflects the vendor's positioning on SCI-reportable fixed-price delivery orders and purchase orders rather than time-and-materials staffing engagements and does not represent Wellspring's total federal services revenue. Wellspring operates almost entirely through its own delivery and carries zero subcontractor engagement across SCI-reportable work. The vendor holds one subcontractor position with HII Mission Technologies Corp for technology integrated services and software licensing support to the Naval Surface Warfare Center and its mission partners.