Mike Corkery: Deltek Aims to Complement ERP Portfolio With Sohnar Acquisition

Mike Corkery, Deltek - Executive Mosaic
Mike Corkery Deltek has acquired London-based program management application developer Sohnar for an undisclosed amount in a move aimed at expanding Deltek’s professional services automation portfolio. Sohnar makes the cloud-based Traffic LIVE product for users to create estimates and quotes and schedule resources for projects.Deltek announced  Thursday. Traffic LIVE contains an online studio,...

Bonnie Cook Promoted to ManTech Mission Solutions, Services Group EVP Role

Bonnie Cook
Bonnie Cook Bonnie Cook, a 25-year veteran of ManTech International (NASDAQ: MANT), has been promoted to serve as executive vice president of business operations for the company’s mission solutions and services group. Her previous roles at ManTech included responsibility for helping manage financial operations and to integrate acquisitions, ManTech said Tuesday. As a group EVP, Cook will oversee...

Lexmark Combines Nearly $200M in Acquisitions Under Perceptive Software; Paul Rooke Comments

Lexmark International (NYSE: LXK) has moved to consolidate four of its acquired businesses with nearly $200 million in combined value under the Perceptive Software subsidiary as part of its efforts to grow, Business Lexington reported Friday. Erik Carlson writes Lexmark acquired those companies separately in 2013 in a move that Paul Rooke, chairman and CEO, says is aimed at helping to diversify Lexmark’s...

GovCon Wire Gets Direct Executive View on Market

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GovCon Wire‘s executive-driven coverage not only highlights their involvement in significant contract awards and mergers and acquisitions but gets their direct perspectives on what drives the GovCon market and its future trends. Bob Kipps, managing director at investment banking firm KippsDeSanto & Co., casts his eye on the sector’s M&A activity in his monthly analysis for GovCon...

CRGT Names ICF, Northrop Vet Sal Fazzolari Strategic Development SVP; Tom Ferrando Comments

Tom Ferrando
Tom Ferrando CRGT has appointed 30-year information technology industry veteran Sal Fazzolari senior vice president [no explanation]of[/no explanation] strategic development, the company said Tuesday. He will report directly to Tom Ferrando, CEO and president, and have responsibility for identifying and developing strategies to grow revenue in the defense, intelligence and civilian government markets. Fazzolari...

Dell Declares First-Ever Cash Dividend; Brian Gladden Comments

Dell‘s (NASDAQ: DELL) board of directors has approved the first cash dividend payable to shareholders in its history, the company announced Friday. Shareholders will receive a quarterly cash dividend of 8 cents per common share, payable to shareholders of record as of the close of business on Oct. 1, 2012. Chief Financial Officer Brian Gladden said this payment is part of a capital allocation...

IT Firm Unicom To Buy GTSI For $76M

Global information technology firm Unicom Systems Inc. will acquire GTSI Corp. (NASDAQ: GTSI) for approximately $76.67 million cash, or $7.75 per share. GTSI announced the per share value of the offer represents a 47.9 percent premium over GTSI’s Friday closing stock price of $5.24 and a 65.6 percent premium over its one-year average closing stock price. The tender offer is expected to close...

GovCon Wire’s October M&A Activity Recap: Active Tech Sector, One Big Spinoff

The technology sector was one to watch in October’s merger and acquisition landscape, and a dominant player in the government contracting industry completed a significant transformation. GovCon Wire recorded 10 acquisitions in October and the first week of November, up from the eight we covered in September. Acquisitions IBM (NYSE: IBM) looked to expand its big data analytics software offerings...

Emerging Markets, Acquisitions to Drive New ITT Corp. Profits, CFO Says

Speaking during an investor presentation Oct. 13, ITT Corp. (NYSE: ITT) Chief Financial Officer Denise Ramos said product orders remain steady as the company prepares to split into three companies Oct. 31. “We’re not seeing challenges in our orders at this point,” said Ramos according to a Reuters report. Ramos will become CEO of the new ITT Corp. after it spins off its water and...

Boeing Puts Final Touches on CDM Technologies Purchase

Boeing (NYSE: BA) has finalized its acquisition of software-engineering firm CDM Technologies. The California-based operation specializes in “real-time transportation and logistics planning systems for the U.S. military.” Terms of the deal were not disclosed. According to Boeing, the move supports “growth strategy for logistics command and control.” The firm will be folded...