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Tag Archives: public sector

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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November 10 Market Close: GovCon Index Adds 2% to Record High on Post-Election Defense Buying Spree

GovConIndexUP

Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecutive session and all …

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CSRA Tops Street’s 2Q Earnings, Revenue Forecasts

CSRA

GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at …

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Boston Consulting Hires Brad Carson as Senior Adviser, Trent Reasons as Associate Director

Boston Consulting Group

The Boston Consulting Group has appointed Brad Carson, former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consulting firm’s worldwide public sector practice as well as aerospace and defense programs. The …

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AECOM Promotes Mgmt Services Lead Randy Wotring, Elevates John Vollmer to Segment President

AECOM

Randy Wotring, former president of the management services segment at AECOM (NYSE: ACM), has been appointed to a newly-created role of president of technical and operational services in a move that takes effect immediately. AECOM said Thursday that transition will also see John Vollmer, previously executive vice president and chief operating officer for management services, …

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Vista to Buy Actua’s GovDelivery Business for $153M in Public Sector Market Push; Patrick Severson Comments

digital-government

Vista Equity Partners has agreed to purchase cloud computing government technology business GovDelivery from Actua (Nasdaq: ACTA) for $153 million in a push to expand the private equity firm’s presence in the public sector market. The companies said Monday they expect the transaction to close in the fourth quarter of 2016 in a deal subject to closing conditions. …

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CSRA Shows Openness to Deals With ‘Cloud-Enabled Digitization’ Factor, 1Q Earnings Top Street Outlook

CSRA

CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competitive …

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Microsoft Vet Kevin Adler Joins Metalogix as State, Local Govt Strategic Account Exec

Kevin Adler

Kevin Adler, a 16-year veteran of Microsoft (Nasdaq: MSFT), has joined Washington-based content management software vendor Metalogix as strategic account executive for the company’s U.S. state and local government business area. He brings extensive knowledge of Microsoft’s ecosystem and integrated technology offerings with Metalogix to his new position, Metalogix said Monday. “Kevin’s proven ability to successfully …

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Northrop CEO Eyes Tech Services Segment Reposition Versus Sale or Spinoff

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Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a realignment initiative …

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IBM Vet David McOmber Joins QTS as Public Sector, Federal Sales Head

David McComber

David McOmber, a two-decade IBM (NYSE: IBM) veteran and a former vice president in Big Blue’s federal business, has joined data center and cloud computing services contractor QTS Realty Trust (NYSE: QTS) as executive VP of public sector and federal sales. QTS said Monday McOmber will also work to build relationships across its …

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