Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Booz Allen Purchases Health Informatics Firm Epidemico; Karen Dahut Comments

Karen Dahut
Karen Dahut Booz Allen Hamilton (NYSE: BA) has acquired Boston-based population health informatics company Epidemico for an undisclosed sum in a push to further develop analytics offerings in population health. Karen Dahut, a Booz Allen executive vice president, said Wednesday that the acquisition is “aligned to Booz Allen’s Innovation agenda, adding a creative and successful startup to...

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

acquisition
Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase its earnings...

FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

NGENGlobe
The Federal Communications Commission has approved Level 3 Communications‘ (NYSE: LVLT) proposed $5.3 billion acquisition of business phone and Internet service provider tw telecom (NASDAQ: TWTC). Level 3 announced the receipt of the approval Friday and the transaction is subject to the approval of stockholders from both companies. According to the Denver Business Journal, the stockholder vote...

IBM to Shed Semiconductor Business in $1B Deal With Globalfoundries

ITphoto
IBM (NYSE: IBM) has agreed to sell its global commercial semiconductor technology business to Santa Clara, California-based computer chip manufacturer Globalfoundries for $1.5 billion, which would be paid to IBM over the next three years. The companies said Monday that the deal also includes an agreement for Globalfoundries to serve as IBM’s exclusive server processor semiconductor technology...

AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

NavyConstruction
AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and gas, power and government services markets through the acquisition...

Exelon-Pepco Merger Gets Green Light From Virginia State Corporation Commission

PowerPlant
Exelon Corp. and Pepco Holdings have received approval from the Virginia State Corporation Commission to move forward on the the companies’ proposed $7 billion merger agreement they announced in April. Pepco Holdings owns transmission infrastructure in Virginia and previously offered power to distribution customers in Virginia through the Delmarva Power and Pepco utilities, Exelon and Pepco...

Nancy Collins: Xerox Seeks Public Sector Case Mgmt Growth Through Consilience Buy

cloudIT
Xerox (NYSE: XRX) has purchased Austin, Texas-based case management and workflow automation software provider Consilience Software for an undisclosed amount. Eleven U.S. states, seven U.S. cities and two states in Australia use Consilience’s web-based and cloud-built Maven tool to manage information through the use of data and process agencies, Xerox said Friday. Consilience has 40 employees...

AECOM Signs $4B Deal to Buy URS Corp

NavyConstruction
Engineering design and infrastructure services firm AECOM has agreed to buy URS Corp. (NYSE: URS) for approximately $4 billion in cash and stock, or $56.31 per share, the companies said Sunday. AECOM will also assume URS’ debt and expects to close the acquisition in October, pending regulatory approvals and approval by shareholders at both companies. Including the assumption of URS debt, AECOM...

The SI Org Closes Purchase of QinetiQ NA’s Services Arm

Mac Curtis
Mac Curtis QinetiQ confirmed Tuesday that it has completed the sale of its U.S.-based services division to The SI Organization, a little more than a month after regulatory and shareholder approvals were met. The SI Organization has made an initial payment of $165 million for QinetiQ North America‘s services group and could pay an additional $50 million in cash no earlier than March 31 2015 depending...