Booz Allen Buys SPARC’s Software Development Services Business; Horacio Rozanski Comments

acquisition,  mergerBooz Allen Hamilton (NYSE: BAH) has bought SPARC‘s software development services unit for an undisclosed amount in a push to help government customers address mission critical system challenges through agile methodology.

The transaction is expected to be accretive on earnings and increase annual revenue of Booz Allen by $50 million during its 2017 fiscal year, Booz Allen said Monday.

Horacio Rozanski, Booz Allen president and CEO, said the company made the acquisition to expand its technical portfolio and customer base.

The McLean, Virginia-based contractor also looks to deliver cloud computing, mobile and interoperable technologies using agile, open source and DevOps methods.

SPARC is headquartered in Charleston, North Carolina and investment bank The McLean Group represented that company in the transaction.

Check Also

Congress

House Panel OKs Potential $740.5B Defense Spending Measure for FY 2021

The House Armed Services Committee unanimously passed on Wednesday a $740.5B defense policy bill for fiscal year 2021, The Hill reported Wednesday.

L3 KEO

L3Harris Subsidiary to Build Navy Submarine Sensor Under Potential $136M Contract

A subsidiary of L3Harris Technologies (NYSE: LHX) has been awarded a potential five-year, $135.8M contract to develop and test an optronic sensor technology for U.S. Navy submarines.