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M&A Activity

Raytheon Completes Applied Signal Technology Purchase

Raytheon (NYSE: RTN) has finalized its purchase of Applied Signal Technology, Inc. (Nasdaq: APSG). According to the firm, “based on information provided by BNY Mellon Shareowner Services, the depositary for the tender offer, approximately 12, 413, 103 shares, representing approximately 87.8 percent of AST’s outstanding shares, were validly tendered and …

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SRA Forms Partnership to Boost Cyber Products; Pat Burke Comments

SRA International (NYSE: SRX) is teaming with GFI Software to boost the firm’s cybersecurity product offerings. GFI supports “mission-critical security software and services to enterprises needing specialized tools for threat analysis and defense.” SRA will merge its strategic cyber solutions with GFI’s Sandbox tool to “deliver a hardened virtualization platform …

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Verizon to Acquire Cloud Specialist Firm Terremark for $1.4 Billion

Verizon and Terremark Worldwide have reached an agreement that will see the communications giant acquire the managed IT infrastructure and cloud services provider for $1.4 billion. The move impacts Verizon’s cloud strategy by creating a stronger “portfolio of highly secure, scalable on-demand solutions to business and government customers globally through …

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ARRAY IT Pres. Sumeet Shrivastava on Partnership with EPC Group

EPC Group, an operation specializing in Microsoft SharePoint integration, will partner alongside ARRAY Information Technology to assist enterprises in planning, deploying and managing SharePoint solutions for effective enterprise collaboration in the federal government. “EPC Group is known for their strong thought leadership and management, proprietary methodologies, support processes and highly …

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BAE Systems Buys Fairchild Imaging

BAE Systems has a deal in place to acquire Fairchild Imaging, Inc., a firm focused on solid-state electronic imaging components, cameras, and systems for aerospace, industrial, medical, and scientific imaging applications. According to the firm, “BAE Systems currently owns 8.7 percent of the equity of Fairchild Imaging and, upon completion …

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TASC to Work with Azimuth under NASA Mentorship Program

TASC is working with Azimuth as part of the NASA Mentor-Protege Program to help shepherd the firm’s government-customer base growth. Azimuth is a service-disabled veteran-owned small business. According to TASC, the firm has focused its “partnership on the independent verification and validation of spacecraft, launch vehicles and ground systems for …

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NetApp Agrees to Acquire Akorri Networks

NetApp (NASDAQ: NTAP) has an agreement in place to acquire Massachusetts-based Akorri Networks. Terms of the all-cash transaction were not disclosed. Akorri provides data center management software focused on performance capacity analytics for virtualized, shared IT infrastructures. “The ability to accurately predict and manage performance and capacity requirements has been …

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L-3 Purchases German Firm FUNA

L-3 Communications (NYSE: LLL) announced  it acquired FUNA International, GmbH (FUNA) last month. The terms of the transaction were not disclosed. Moving forward, the Germany-based firm will function within the Marine & Power Systems Group of L-3’s Electronic Systems segment. FUNA specializes in control and safety systems, communication systems and …

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Dell Moves to Acquire SecureWorks

Dell has an agreement in place to acquire SecureWorks Inc., an information-security services provider. The move would increase Dell’s global IT-as-a-Service and information security offerings. The Ga.-based SecureWorks carries 700 employees and reported FY 2010 revenue above $120 million. “The frequency and sophistication of attacks on technology infrastructure and malicious …

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Ericsson Sells Federal Practice to Tailwind Capital; Doug Smith to Remain as CEO

Ericsson (NASDAQ: ERIC) has sold control of its federal practice, Ericsson Federal to Tailwind Capital. Ericsson Federal will now be known as Oceus Networks.  Terms of the deal were not disclosed. According to Ericsson, “under the terms of the new structure, Oceus Networks will have the exclusive right to offer …

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