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Tag Archives: M&A Activity

Booz Allen CFO Ties $250M Aquilent Deal to ‘Vision 2020’ Digital Services Strategy

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Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past year. Howell told attendees of the Credit Suisse Industrial Conference in Palm Beach, …

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L-3 Strikes Potential $315M Deal to Buy Aviation Security Tech Maker MacDonald Humphrey

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L-3 Communications (NYSE: LLL) has purchased U.K.-based aviation security technology maker MacDonald Humfrey Automation in a deal potentially worth up to $315.5 million for an effort to add new automation and robotic tools for deployment at airports worldwide. The deal comes nearly one month after L-3 said it would purchase Implant Sciences‘ explosive trace …

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DigitalGlobe Closes $140M Radiant Group Buy in Geospatial Services Expansion Push

DigitalGlobe

DigitalGlobe (NYSE: DGI) has wrapped up its purchase of Chantilly, Virginia-based geospatial data services contractor The Radiant Group from investment firm Aston Capital for approximately $140 million cash. DigitalGlobe said Wednesday the acquisition allows the Westminster, Colorado-based satellite imagery provider to strengthen its foothold in the commercial geospatial information services market and to help address the intelligence community’s …

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Nadir Ali: Sysorex Targets Govt Business Growth Through Integrio Assets Purchase Deal

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Palo Alto, California-based analytics firm Sysorex (Nasdaq: SYRX) has agreed to purchase certain assets of information technology services provider Integrio Technologies in a move to add new contracts and clients to Sysorex’s professional services and government value-added reseller business segments. Sysorex said Wednesday the total transaction price includes $1.8 million cash; 530,000 shares of common stock; …

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Arlington Capital Partners Merges EOIR With Proteus Technologies, Intelligent Software Solutions to Form Polaris Alpha

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Arlington Capital Partners has established a new company known as Polaris Alpha after the Washington-based private equity firm merged its portfolio company EOIR Technologies with cybersecurity firm Proteus Technologies and data analysis platforms provider Intelligent Software Solutions. Polaris Alpha will work to provide software and other technology platforms across ground, maritime, aerial, space, electromagnetic …

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Motorola Solutions Closes Spillman Technologies Buy; Bruce Brda Comments

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Motorola Solutions (NYSE: MSI) has completed its purchase of Spillman Technologies, which will be part of the Illinois-based communications technology provider’s smart public safety solutions business. Bruce Brda, executive vice president of products and services at Motorola Solutions, said Thursday the company made the acquisition with the goal to market …

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BC Partners, Medina Capital Seek to Add Analytics, Machine Learning Tools to Cyber JV Via Brainspace Purchase

big data

Private equity firms Medina Capital and BC Partners have agreed to buy Addison, Texas-based machine learning and analytics firm Brainspace for an undisclosed sum in an effort to establish a global cybersecurity joint venture. BC Partners and Medina Capital expect to complete the transaction in the first quarter of 2017, subject …

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FLIR Systems Closes $259M Point Grey Research Buy in Machine Vision Market Push

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FLIR Systems (Nasdaq: FLIR) has completed its purchase of Point Grey Research for $259 million cash in a strategy to expand the former’s footprint in intelligent imaging and machine vision markets. The newly acquired company will operate as Integrated Imaging Solutions business under FLIR’s original equipment manufacturer and emerging markets segment, FLIR Systems …

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Blue Coat’s Nick Noviello to Serve as CFO, Executive VP at Symantec; Greg Clark Comments

Nick Noviello

Nick Noviello, formerly chief financial officer at Blue Coat, has been appointed executive vice president and CFO at Symantec (Nasdaq: SYMC). Noviello will succeed the departing CFO Thomas Seifert on Dec. 1 and will continue to report to CEO Greg Clark, Symantec said Thursday. Seifert, who has been CFO since …

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Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

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Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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