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

Drone Aviation Merges With 5G Wireless Tech Consortium ComSovereign; Dan Hodges Quoted

Drone Aviation and ComSovereign, a U.S.-based consortium of businesses involved in 5G telecommunications radio, power systems and silicon photonics, have completed their merger for an undisclosed sum. The newly combined company will operate as ComSovereign Holding and will focus on providing wireless carrier customers with 5G/NR connectivity and carrier backhaul capability for fixed infrastructure and mobile aerial communications platforms, Drone Aviation said Wednesday.

Apollo Raises Takeover Bid for Tech Data to $6B

Tiger Midco, an affiliate of funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates, has increased its offer to acquire information technology distribution company Tech Data (Nasdaq: TECD) from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.