According to an article in USA Today, firms that deal with cyber security are booming, even while the rest of the economy is busting. America’s Growth Capital (AGC) reports that 55 security firms have already been acquired this year. The article cites two main sources for this seemingly constantly increasing demand for security firms. On the one hand, cyber criminals continue to innovate, finding new ways to hack into systems to steal sensitive data from commercial and even military sources. On the other hand, as announced by DHS Secretary Janet Napolitano, the government seems poised to pump more funding into cyber security. You can read the full article here.
CGI (NYSE: GIB) has agreed to acquire Reston, Va.-based information technology and management consulting firm TeraThink for an undisclosed sum as part of efforts to expand its enterprise application services for federal government clients. The transaction is expected to be finalized by the end of March and will allow CGI Federal to build up its consulting capabilities and incorporate TeraThink’s data analytics, application development and agile enablement capabilities into its IT offerings portfolio, CGI said Wednesday.
American Holoptics, a Koucar Management affiliate, has agreed to acquire L3Harris Technologies’ (NYSE: LHX) EOTech business for an undisclosed sum. The acquisition is expected to be finalized by mid-2020, subject to customary closing conditions, the companies said in a joint release published Tuesday.