Peraton, a portfolio company of Veritas Capital, has purchased ViON’s as-a-service cloud business for an undisclosed sum as part of efforts to expand its information technology offerings and deliver greater network, storage and computing capacity to government customers.
Peraton said Wednesday it will add cleared personnel, key leaders and contracts with the Department of Defense, state governments and civilian agencies as a result of the transaction.
Stu Shea, president, CEO and chairman of Peraton and a 2021 Wash100 Award winner, said ViON was the first to deliver an aaS cloud platform to the federal government. He noted that the additional capabilities and employees from the ViON business will enable Peraton to help address the major challenges facing the government.
Ramzi Musallam, CEO and managing partner of Veritas Capital and a 2021 Wash100 Award recipient, said Peraton has carried out growth initiatives in the past year and the latest acquisition enhances its position as an enterprise IT provider to the public sector.
Tom Frana, chairman and CEO of ViON and a two-time Wash100 winner, said the Herndon, Virginia-based IT services contractor will now focus on building up its analytics and artificial intelligence business.
Macquarie Capital served as Peraton’s financial adviser in the transaction. Milbank and Covington & Burling advised Peraton on the deal’s legal aspect.