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Search Results for: Veritas

Deborah Ricci Joins Veritas-Owned PwC Public Sector as CFO; Scott McIntyre Comments

Deborah Ricci, formerly chief financial officer of Constellis, has been appointed to the same role at PwC’s former public sector arm that New York-based private equity firm Veritas Capital acquired in May. She brings to her position 25 years of finance, accounting, contracts, information technology and human resources management experience …

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Veritas Closes PwC Public Sector Purchase; Ramzi Musallam, Scott McIntyre Comment

New York City-based Veritas Capital has wrapped up its acquisition of PricewaterhouseCoopers‘ U.S. public sector arm that offers strategic advisory services to federal, state and local government agencies. The private equity firm will rename the acquired business once current rebranding efforts are completed, Veritas said Tuesday. “We are excited to start this next stage …

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Veritas Capital to Buy PwC’s US Public Sector Business

Veritas Capital has agreed to purchase the U.S. public sector business of PwC for an undisclosed sum. Veritas said Wednesday it will rename and run the business as an independent company once it finalizes the transaction and completes regulatory approvals and other customary closing conditions. The U.S. public sector business will …

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Jonathan Alboum Named Public Sector CTO at Veritas Technologies

Jonathan Alboum, former chief information officer at the Agriculture Department, has joined Veritas Technologies as chief technology officer of the Mountain View, California-based data management company’s public sector business. Veritas said Tuesday Alboum will aim to help government clients manage, secure and identify business value from data on premises or in multicloud environments. In …

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Former Symantec Exec Greg Hughes Named Veritas CEO

Greg Hughes, former CEO of Serena Software, has been selected by the board of directors to succeed Bill Coleman as CEO of Veritas Technologies, effective immediately. Coleman will continue to serve on the company’s board and join investment firm The Carlyle Group (Nasdaq: CG) as operating executive, Veritas said Monday. …

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Stu Shea Named CEO of MHVC, Recent Acquisition of Veritas Capital

Stu Shea has been named Chief Executive Officer of MHVC Acquisition Corp., (MHVC) formerly Harris Corporation’s Government Services business, a recent acquisition of Veritas Capital. MHVC is operating as a standalone company and will launch the new brand soon, Veritas Capital announced in a press release. Previously, Shea was President and Chief …

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Veritas Capital Acquires PAS Technologies from Houlihan Lokey

PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017. PAS provides OEM and aftermarket aerospace engine components that are able to endure high-wear, high-heat, and corrosive environments. The company offers a comprehensive set …

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Veritas Capital Finalizes the Purchase of Harris Corporation’s Government IT Services Business

Veritas Capital completed the $690 million cash acquisition of Harris Corporation’s (NYSE:HRS) Government IT Services Business. The Harris acquisition will round out Veritas’ portfolio of twelve companies and enhance their position within the Aerospace & Defense industry. Veritas Capital purchased government services contractor Alion Science and Technology in 2015 for what …

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Veritas’ Tom Kennedy: Agencies Should Adopt Cloud-Based Tools to Facilitate Data Mgmt

Tom Kennedy, vice president and general manager of Veritas Technologies’ public sector business, has said federal agencies must create strategies for organizing unstructured data, leveraging cloud-based tools to manage the massive amounts of information. Kennedy wrote that a cloud-based archiving platform, for instance, works to help agencies automate the process …

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Veritas Capital to Buy CB&I’s Capital Services Business for $755M; Ramzi Musallam Comments

New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the business as an independent firm once …

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