Data Security Firm Buys PPC; Harry Thornsvard Comments

Harry Thornsvard
Harry Thornsvard

Global Analytical Information Technology Services Inc., an Albuquerque, N.M.-based computer security firm, acquired Project Performance Corp. and closed the transaction Friday.

New Mexico Business Weekly reports terms of the deal were undisclosed and GAITS and PPC CEO Harry Thornsvard told the newspaper the combined company will take on the PPC name within the next few months.

Thornsvard also told the newspaper the combined company will have 350 employees with headquarters in both Albuquerque and Fairfax, Va. and total revenue of $55 billion.

Dan Mayfield writes GAITS secures sensitive data for Sandia National Laboratories and Sandia’s Lawrence Livermore National Laboratory.

GAITS closed the transaction three weeks after learning PPC was up for sale, according to Mayfield.

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