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M&A Activity

Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

Lockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday. Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership …

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Oracle Closes Buy of MICROS Systems; Mike Webster Comments

Oracle Corp. (NYSE: ORCL) has established a new hospitality global business unit after the company completed the acquisition of MICROS Systems (NASDAQ: MCRS) for an undisclosed amount. Mike Webster, senior vice president and general manager of Oracle retail and hospitality sector, will lead the newly formed business unit, the company said Monday. “Together, Oracle …

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General Dynamics to Consolidate AIS, C4 Business Arms; Chris Marzilli to Head Combined Org

General Dynamics (NYSE: GD) will combine its advanced information systems and C4 systems business units into a single organization that will adopt the name General Dynamics Mission Systems. The company said Monday that the consolidation will take effect in January 2015 and Chris Marzilli, current president of the C4 systems …

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Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. …

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Cryptzone Buys HiSoftware, Kurt Mueffelmann to Lead Combined Firm

Cryptzone has bought compliance and security provider HiSoftware Inc. for an undisclosed amount in a move to grow security offerings for data stored in cloud computing platforms, mobile devices and data centers. Kurt Mueffelmann,  HiSoftware’s CEO, will serve as chief executive at the combined company,   Cryptzone said Friday. “Through this acquisition, we believe …

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Oracle to Begin 2nd Tender Offer Period for Remaining MICROS Shares

A subsidiary of Oracle (NASDAQ: ORCL) will begin a second tender offer period for shares of MICROS Systems (NASDAQ: MCRS) following the completion of the initial tender offer on Tuesday. Oracle said Wednesday that its Rocket Acquisition arm has tendered around 82.8 percent of the MICROS outstanding shares,  with the remaining shares expected to be acquired in the …

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Robert Mehrabian: Teledyne Adds Acoustic Tools Through $171M Purchase of Bolt Technology

Teledyne Technologies (NYSE: TDY) has agreed to acquire Bolt Technology Corp. (NASDAQ: BOLT) for nearly $171 million in a move that Teledyne Chairman and CEO Robert Mehrabian says is intended to expand his company’s marine instrumentation portfolio. Mehrabian said Wednesday that Bolt’s SeaBotix business will become a part of Teledyne’s marine systems business. “Bolt’s geophysical acoustic sources …

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Kofax Buys E-Signature Firm Softpro

Kofax (NASDAQ: KFX) has moved to build up its information security offerings with the acquisition of German verification systems provider Softpro for an undisclosed amount. Irvine, California-based Kofax said Tuesday it expects the transaction to add fraud detection and electronic signature verification to its First Mile business process management software. Kofax expects …

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Hugh Evans: Veritas Capital Eyes Cyber Market Growth Through BeyondTrust Purchase

An affiliate of Veritas Capital will purchase cybersecurity firm BeyondTrust from Insight Venture Partners for an undisclosed sum in a move to pursue growth with enterprise and government clients. “We expect the cybersecurity market to benefit from increasing regulatory/compliance requirements, high-profile breaches and complexity of the IT environment, ” Hugh Evans, a partner at Veritas Capital, said Tuesday. BeyondTrust …

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Thomas Lewis: Louis Berger Acquires Leidos’ Water, Waste Resources Practice

Louis Berger has bought the water and waste resource division of Leidos (NYSE: LDOS) for an undisclosed amount in a move aimed at expanding Louis Berger’s water practice. Thomas Lewis, group president at Louis Berger, said Tuesday the company also intends to further grow its market presence through the sale. …

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