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Tag Archives: Acquisition

Ken Asbury: CACI to Focus on Organic Growth After L-3 NSS Acquisition

Ken Asbury

TYSONS CORNER, VA, February 8, 2016 — CACI International (NYSE: CACI) President and CEO Ken Asbury has said the company will focus on organic growth following its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) national security solutions unit, ExecutiveBiz reported Friday. Asbury said in an interview published Thursday on The …

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Symantec Closes $5.3B Veritas Sale to Carlyle Group; Michael Brown Comments

dhs-cyber

A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec’s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec …

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Battle Resource Management Buys IT Firm Clearsoft; Mike Battle Comments

acquisition

Battle Resource Management Inc. has purchased information technology provider Clearsoft for an undisclosed amount as part of an effort to help federal and commercial clients migrate to cloud platforms. BRMi will combine Clearsoft’s agile software development systems into its models for business process redesign, BRMi said Wednesday. Mike Battle, founder …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

acquisition, merger

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Omniplex Adds Social Intelligence Govt Solutions Business; Michael Santelli Comments

Michael Santelli

TYSONS CORNER, VA, January 21, 2016 — Omniplex World Services has acquired Social Intelligence’s government solutions business in an effort to augment its background investigations services, ExecutiveBiz reported Wednesday. Omniplex said Tuesday the purchase works to help its new social intelligence government solutions division utilize public online data and social …

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Preferred Systems Solutions Buys Tetra Concepts in IC Market Push; Jim Ballard Comments

acquisition

Preferred Systems Solutions has acquired system architecture and software design company Tetra Concepts in support of efforts to expand PSS’ core offerings in professional services and presence in the national security sector. Northern Virginia-based PSS said Tuesday Tetra Concepts will also add to its portfolio of cybersecurity, data analytics and cloud-based technology …

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Peter Blocker Joins MCR Federal as Defense Southeast Region VP; Vince Kiernan Comments

MCRFederalLogo

Peter Blocker, former vice president of the integrated mission systems business unit at Sierra Nevada, has joined MCR Federal as vice president for the latter company’s defense sector business in the U.S. Southeast region. Blocker will oversee MCR’s office in Huntsville, Alabama and work with defense sector clients in Florida, …

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Amit Yoran: RSA Seeks Transformation Ahead of Dell’s Acquisition of Parent Firm EMC

partnership

TYSONS CORNER, VA, January 4, 2016 — RSA‘s transformation initiative in 2015 works to augment the sales and customer service of its business, ExecutiveBiz reported Wednesday. Amit Yoran, president of the EMC (NYSE: EMC) subsidiary, said in a CRN interview published Tuesday these efforts are based on a study of customer …

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Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group

acquisition

The Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met. Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, …

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Leidos Wins Spot on $750M USSOCOM ISR Support Contract; Sam Gordy Comments

Sam Gordy

Leidos (NYSE: LDOS) has secured a prime position on a potential five-year, $750 million contract to provide intelligence, surveillance and reconnaissance support to the U.S. Special Operations Command. Leidos said Thursday it is one of the four companies that will compete for task orders under the firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Sam …

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