Home / M&A Activity / ManTech Completes $180M InfoZen Purchase; Kevin Phillips Comments

ManTech Completes $180M InfoZen Purchase; Kevin Phillips Comments

Kevin Phillips

ManTech International (Nasdaq: MANT) has wrapped up its $180 million cash acquisition of Bethesda, Maryland-based information technology platforms provider InfoZen.

ManTech said Monday it will run InfoZen as part of its mission solutions and services group headed by Daniel Keefe and expects the IT services contractor to contribute approximately $25 million to fiscal 2017 revenue.

Kevin Phillips, president and chief operating officer at ManTech and an inductee into Executive Mosaic’s Wash100 for 2017, said the company is pleased to finalize the transaction and welcome InfoZen employees into ManTech.

Herndon, Virginia-based ManTech completed the transaction less than a month after it agreed to buy InfoZen as part efforts to expand its managed cloud services and IT modernization offerings for the federal civilian market.

ManTech used its cash on hand and existing credit line to fund the acquisition.

Check Also

Jacobs-EwingCole JV Wins $99M Navy IDIQ for Military Facility Construction Project Services

A joint venture of Jacobs Engineering Group (NYSE: JEC) and EwingCole has won a potential …

HPE President Antonio Neri to Succeed Meg Whitman as CEO

Antonio Neri, president of Hewlett Packard Enterprise (NYSE: HPE), will succeed Meg Whitman as CEO of the Palo …

Subscribe to our Newsletter
I will subscribe later