Home / M&A Activity / NISC Purchased by IBM

NISC Purchased by IBM

maner
NISC CEO Andy Maner

National Interest Security Company (NISC) has announced that it will be acquired by IBM.  NISC, headed by CEO Andy Maner, provides IT services and solutions to U.S. intelligence agencies and the Department of Defense.  Terms of the deal were not disclosed.

Analysts estimate that D C Capital Partners, which had acquired NISC for $19.6 million in June 2007, would be unloading the firm for approximately $180 million.

IBM has indicated that NISC would become part of the company’s recently launched Global Business Services consulting unit.

Chuck Prow, managing partner, public sector, IBM Global Business Services, said “IBM’s analytic and innovation prowess, combined with NISC’s industry knowledge and depth of experience in defense, healthcare, energy, and infrastructure management services, will allow us to deliver an unprecedented level of service and support to our growing list of government clients.”

The acquisition is on target for a first quarter 2010 completion date.

“(NISC) will enable IBM to expand its capabilities with federal, state and local government entities, particularly in the fast-growing areas of defense, health care, energy, logistics and security, ” IBM said in a statement.

Check Also

Elbit Systems Completes $350M Acquisition of Night Vision Business From L3Harris

Elbit Systems' (Nasdaq: ESLT) U.S. subsidiary has completed its purchase of a night vision business from L3Harris Technologies (NYSE: LHX) for approximately $350M in cash. First announced in April, the divestment was a regulatory requirement associated with the merger between L3 Technologies and Harris.

BAE to Acquire Prismatic, Co-Developer of ‘PHASA-35’ Solar Electric UAV

BAE Systems has agreed to purchase U.K.-based aerospace technology developer Prismatic for an undisclosed sum in the British defense contractor's strategy to push the boundaries of air and space innovation. The deal comes 15 months after both companies unveiled a partnership on the PHASA-35 unmanned air vehicle, a high-altitude long endurance aircraft designed to operate using battery and solar cells, BAE said Tuesday.