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M&A Activity

Emerging Markets, Acquisitions to Drive New ITT Corp. Profits, CFO Says

Speaking during an investor presentation Oct. 13, ITT Corp. (NYSE: ITT) Chief Financial Officer Denise Ramos said product orders remain steady as the company prepares to split into three companies Oct. 31. “We’re not seeing challenges in our orders at this point, ” said Ramos according to a Reuters report. Ramos will become …

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IBM to Acquire Product Development Firm Platform Computing

IBM (NYSE: IBM) has entered into a definitive agreement to acquire Platform Computing. Although the financial terms have not been disclosed, the acquisition is anticipated to close in the fourth quarter of 2011. Platform Computing provides applications that fuel product development and critical business decisions, among other services. In combination with IBM systems, …

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Salient COO Bill Parker Comments on Electronic Security Systems Purchase

Salient Federal Solutions has become the prime holder of the Integrated Electronic Security Systems contracts following its acquisition this week of the Electronic Security Systems division of Dataline, a Washington D.C.-based technology provider to the U.S. Department of Defense. Salient adds access control, alarm monitoring, intrusion detection, video surveillance, asset …

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ITT Exelis and Xylem Spinoffs to be Completed on Oct. 31, 2011

Pursuant to its January 2011 announcement, ITT Corp. (NYSE: ITT) today announced that its board of directors has approved the distribution to its shareholders of all the outstanding shares of  Exelis Inc., its defense and information solutions business and Xylem Inc., its water technology and services business. The company said …

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IBM Completes Purchase of Big Data, Intelligence Analytics Firm

IBM (NYSE: IBM) has completed its acquisition of i2 Group, an intelligence analytics firm. The move will expand IBM’s big data analytics software and help governments and law enforcement access and analyze information to combat crime, fraud and other security threats, IBM said in a release. The company said its software will …

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GovCon Wire’s September M&A Activity Recap; Contractors Active Across Industry

While no clear sector focus dominated the merger and acquisition landscape in September, government contractors remained busy, closing on several interesting healthcare and cybersecurity deals and divesting some operations. The eight acquisitions GovCon Wire recorded were down from the 11 reported in August, but executive moves ramped up to seasonal …

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CACI Closes Buy of Federal Oracle Provider; Paul Cofoni Comments

CACI (NYSE: CACI) has completed its acquisition of Advanced Programs Group, LLC, a provider of  Oracle e-business services to the federal government. CACI expects the move to increase its earnings per share over the next 12 months. Reston, Va.-based Advanced Programs has 110 employees and generated 2010 calendar year revenues of $41.9 …

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Salient Acquires Dataline’s Electronic Security Division; Brad Antle Comments

  Salient Federal Solutions has bought Dataline, LLC‘s electronic security systems division for an undisclosed amount. Salient said the addition of the Washington, D.C.-based technology division will increase its expertise in the design, engineering and installation of consolidated emergency response systems. Improved services will include video surveillance, asset tracking and mobile device alerts. Salient …

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HP Buys Autonomy Corp to Expand Enterprise Information Offerings

HP (NYSE: HPQ) has acquired control of Autonomy Corporation plc., buying approximately 87.34 percent of Autonomy shares for $33.77 per share in cash. The acquisition positions HP in control of Autonomy and as leader in the enterprise information management space. Autonomy provides IT solutions for unstructured and structured information with data analytics, …

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General Dynamics Completes $960M Acquisition of Vangent Inc.; Jay Johnson Comments

General Dynamics (NYSE: GD) has completed its acquisition of healthcare IT provider Vangent Inc. for approximately $960 million cash. General Dynamics expects the move will increase its earnings in 2012. Vangent will become part of the company’s IT business unit, GDIT. Vangent’s core offerings include health informatics and information exchange, electronic health records …

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