Author: Jane Edwards|| Date Published: May 10, 2017
Government information technology services contractor STG Group has pushed back its plan to finalize purchase of Preferred Systems Solutions from the first quarter of 2017 to the end of June.
Reston, Virginia-based STG said Tuesday it raised the acquisition price of PSS to $119.8 million and offered to pay $925,000 in advance as a result of the delay.
STG announced in February that it agreed to buy the McLean, Virginia-based software engineering and computing firm for $119 million in a move to expand in intelligence community and national security markets.
The transaction comes as STG faces financial challenges based on its filings with the Securities and Exchange Commission, such as failure to meet requirements for senior secured leverage ratio and earnings before interest, taxes, depreciation and amortization, the report added.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Government information technology services contractor STG Group has pushed back its plan to finalize purchase of Preferred Systems Solutions from the first quarter of 2017 to the end of June.
