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Tag Archives: Acquisition

Scitor to Join SAIC’s New Intell Customer Group Upon Deal’s Closure; Tony Moraco Comments

Tony Moraco

Systems engineering contractor Scitor will join Science Applications International Corp.‘s (NYSE: SAIC) new intelligence community customer group following SAIC’s completed $790 million cash acquisition of Scitor. SAIC announced the deal’s closure Monday and said Scitor President Timothy Dills will lead the new group, which SAIC estimates to represent 11 percent of its total customer mix. Scitor generated $600 ...

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L-3 Sells Sports TV Tech Business to Slate Capital Group; Parker Davis Comments

acquisition

Slate Capital Group has purchased sports television technology maker Broadcast Sports Inc. from L-3 Communications (NYSE: LLL) for an undisclosed amount. BSI will operate under the name Broadcast Sports International LLC after Slate Capital completes the acquisition and Peter Larsson will continue to lead the business, Slate Capital said Monday. Parker Davis, managing member ...

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Tetra Tech Signs Deal to Purchase Cornerstone Environmental Group; Dan Batrack Comments

acquisition

Tetra Tech Inc. (NASDAQ: TTEK) has agreed to acquire Cornerstone Environmental Group for an undisclosed amount. Middletown, New York-based Cornerstone will join Tetra Tech’s resource management and energy segment upon the transaction’s scheduled closure in May, Tetra Tech said Wednesday. “Utilities are faced with the challenge of responding to new U.S. ...

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EMC Buys Encryption Provider CloudLink; Chad Sakac Comments

Chad Sakac

EMC (NYSE: EMC) has bought security provider CloudLink for an undisclosed amount in a move to address data security requirements of clients, CRN reported Friday. Matt Brown writes Ottawa, Canada-based CloudLink will form part of EMC’s federation enterprise hybrid cloud and continue its membership in the Microsoft Azure ecosystem. Chad ...

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SRA Closes Qbase Gov’t Services Asset Buy

SRA International

SRA International has closed its purchase of a portion of Qbase‘s government services business for an undisclosed amount in a deal that sees more than 230 Qbase staffers join SRA. SRA announced the completion of the deal Thursday and said the acquisition is part of its push to grow in the healthcare, homeland security ...

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Centerra Buys Gregg Protection Services; Paul Donahue Comments

Paul Donahue

Centerra Group has purchased Gregg Protection Services, a provider of nuclear and biological assets protection service, for an undisclosed amount. Centerra said April 1 that David Bradley, Centerra’s vice president of operations, would lead the acquired company that operates as a new division within Centerra. Paul Donahue, president and CEO ...

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Lockheed Buys, Plans Upgrades for High-Speed Wind Tunnel; Mike McWithey Comments

lockheed martin

TYSONS CORNER, VA March 27, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on High-Speed Wind Tunnel longtime lessee Lockheed Martin’s (NYSE: LMT) acquisition of the facility in Grand Prairie, Texas, from Triumph Aerostructures. The investment allows the defense contractor to update the decades-old research, development and testing ground for subsonic, transonic ...

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Accenture Closes Agilex Buy; David Moskovitz Comments

David Moskovitz

Accenture’s (NYSE: ACN) federal services subsidiary has wrapped up the purchase of Agilex Technologies in a move to grow its analytics, cloud and mobility offerings for federal agency clients. David Moskovitz, Accenture Federal Services CEO, said Thursday the company intends for the acquisition to help “federal clients make the digital transformation ...

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Lexmark to Purchase Kofax for $1B Cash; Paul Rooke Comments

acquisition

Lexmark International’s (NYSE: LXK) board of directors and shareholders have agreed to acquire Kofax (NASDAQ: KFX) for nearly $1 billion in cash, or $11 per share. The transaction is scheduled to close in the second quarter of 2015 and awaits a shareholder vote at Kofax, regulatory clearances and other customary closing terms, ...

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Tom Romeo Sees Acentia IT Buy’s Transformative Role for Maximus

Tom Romeo

TYSONS CORNER, VA March 12, 2015 — Executive Mosaic — Executive Biz reported Wednesday on Maximus Federal Division President Tom Romeo’s remarks regarding the transformative power of combining his company and Acentia’s capabilities. Maximus announced Monday a definitive agreement to buy the Falls Church-headquartered technology contractor for $300 million in a ...

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