Home / M&A Activity / Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction.

Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions.

The transaction covers the assumption of some liabilities of NeoSystems and comes as Novume works to expand its portfolio of end-to-end platforms and services designed to help clients manage their workflows.

Novume is a publicly traded holding firm of professional services companies and offers logistics support to facilitate human resources acquisition and talent deployment efforts.

Tysons Corner, Virginia-based NeoSystems provides back office support, professional services and technology tools to at least 700 government contractors, commercial businesses, nonprofit organizations and trade groups.

NeoSystems also provides support services to software companies such as Deltek, IBM (NYSE: IBM) and Ultimate Software (Nasdaq: ULTI) through partnerships.

The Benchmark Co. acts as Novume’s financial adviser in the transaction.

Check Also

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.