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Tag Archives: M&A Activity

Derek Schoettle: IBM Eyes Cloud Data Service Expansion Through Compose Purchase

cloudIT

IBM (NYSE: IBM) has acquired database-as-a-service company Compose for an undisclosed amount to help further the development of cloud-based mobile and web applications. “Compose’s breadth of database offerings will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source,” Derek Schoettle, general manager of ...

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Eileen Drake: Aerojet Rocketdyne Sells Energy Portfolio to Gas Technology Institute

PowerPlant

The Gas Technology Institute has bought the energy assets of Aerojet Rocketdyne (NYSE: AJRD) with the intent to accelerate the development of energy efficiency products for government and commercial sectors. Eileen Drake, Aerojet Rocketdyne president and CEO, said Monday the company decided to divest its energy business to focus on the ...

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Lockheed to Explore IT Business Separation, Inks $9B Deal for Helicopter Maker Sikorsky

acquisition

Lockheed Martin (NYSE: LMT) will examine a potential separation of its government information technology and technical services business components and has agreed to purchase helicopter manufacturing business Sikorsky Aircraft from United Technologies Corp. for approximately $9 billion. Lockheed announced both moves Monday and said its IT business segment review will look at whether to spin off or ...

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Neal Creighton: CounterTack Buys ManTech Commercial Cyber Division in Endpoint Security Push

Cybersecurity

CounterTack moved to grow its endpoint threat detection and response technology offerings with the acquisition of ManTech International‘s (Nasdaq: MANT) commercial sector-focused cybersecurity software division — ManTech Cyber Solutions International. ManTech will own an equity stake in CounterTack and be the endpoint security company’s global distribution partner as part of the ...

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Larry Hill: Radiant Group Adds Data Analytics Tool With HumanGeo Buy

big data2

The Radiant Group has bought data analytics and open-source software development company HumanGeo through a cash-and-stock transaction. Terms were not disclosed and Radiant Group CEO Larry Hill said Monday the company wants to use HumanGeo’s data analytics technology to help government organizations in their mission areas. Al Di Leonardo will ...

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Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

medical health doctor

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the ...

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Atos Closes Xerox IT Outsourcing Business Buy

acquisition, merger

France-based digital services firm Atos has completed its purchase of Xerox‘s (NYSE: XRX) information technology outsourcing services portfolio. Xerox said Tuesday it wants to concentrate on the business process outsourcing and document outsourcing markets following the sale. Atos disclosed in late 2014 that the transaction includes a $1.05 billion upfront ...

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Hilton Romanski: Cisco to Buy OpenDNS in Connected-Device Security Push

Cybersecurity

Cisco has agreed to purchase network security firm OpenDNS for $635 million cash in a push to help organizations protect their connected devices against sophisticated threats. The companies seek to integrate OpenDNS’ predictive threat intelligence and software-as-a-service cloud security platform with Cisco’s Security Everywhere framework to mitigate the risk of ...

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

acquisition, merger

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of ...

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Hugh Evans: Veritas Capital Targets Mass Notification Tech Market with ECN Buy

wireless communications

Veritas Capital has bought mass notification software-as-a-service company Emergency Communications Network from private equity firm The Riverside Co. for an undisclosed sum. Hugh Evans, a managing partner at Veritas, said Friday the private equity investment firm aims to help ECN expand its presence in the government and adjacent markets. ECN ...

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