Vangent Inc. Reportedly For Sale

Vangent Inc. has hired Bank of America Merrill Lynch and Goldman Sachs Group to pursue a sale of the company, according to a June 2 Reuters report. The process has reportedly drawn interest from both private-equity firms and other companies doing business in the government contracting sector.

Private-equity firm Veritas Capital bought Vangent, then known as Pearson Government Solutions, in 2007 for around $600 million. According to the Reuters report, it hopes to get $1.1 billion to $1.2 billion from the sale, which  is in the second round of talks.

Vangent is led by President and CEO Mac Curtis and provides consulting, systems integration, human capital management and other outsourcing services to the U.S. federal and international governments. The company employs 7, 000 and is based in Arlington, Va.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.