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M&A Activity

SAIC to Acquire Healthcare IT Provider; Craver Comments

  SAIC (NYSE: SAI) has entered a definitive agreement to acquire healthcare IT services provider Vitalize Consulting Solutions for an undisclosed amount. VCS implements and optimizes electronic health record systems from commercial-off-the-shelf vendors. It also provides strategic IT consulting. SAIC will bolster its information integration and data analytics with VCS’ portfolio. Approximately 600 …

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VMware Releases Q2 Financial Results; Maritz Comments

VMWare (NYSE: VMW) released its second-quarter fiscal year 2011 financial results July 21. The company reported second-quarter net income of $220 million, a 193 percent increase from the $73 million it reported for the second quarter of 2010. Its diluted net income per share was $0.51, a $0.33 increase from the …

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Boeing to Acquire Information Services Company, Grow Cyber and C4ISR; Hinshaw Comments

Boeing Company (NYSE: BA) will acquire Solutions Made Simple Inc., an information services provider for the U.S. government and intelligence community. Boeing will integrate the company into the information solutions division of its network and space systems business. Solutions’ products extract, share and query information stored in an unlimited number of data …

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CenturyLink Closes Acquisition of Cloud Services Provider, Will Operate Cloud Business as Savvis

CenturyLink (NYSE: CTL) has closed its acquisition of cloud services, managed hosting and colocation firm Savvis and will operate its cloud business under the Savvis name. CenturyLink expects the move to increase its revenue, EBITDA and free cash flow in the year after closing. CenturyLink will combine its hosting and …

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General Dynamics Acquires Enterprise Services and Cloud Computing Provider; Johnson Comments

General Dynamics (NYSE: GD) has acquired enterprise services and cloud computing provider Network Connectivity Solutions, Corp. for an undisclosed amount. General Dynamics said the move should start increasing its earnings per share in 2012. Maryland-based NETCONN will join General Dynamics’ IT business unit, GDIT. NETCONN supports net-centric IT operations, including …

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SRA Shareholders Approve $1.88B Cash Acquisition by Private Equity Firm

SRA International (NYSE: SRX) shareholders have approved the company’s acquisition by an affiliate of private equity firm Providence Equity Partners for $1.88 billion in cash. SRA Shareholders will receive $31.25 in cash for each share of common stock. Rhode Island-based Providence Equity Partners specializes in communications and information services, media and entertainment company …

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Neustar Closes Acquisition of Evolving Systems’ Numbering Solutions Assets, Expands OSS Solutions

Neustar, Inc. (NYSE: NSR) has closed its acquisition of assets from Evolving Systems‘ numbering solutions business for approximately $39 million in cash. Neustar will incorporate the business into its carrier services operating segment. Neustar said the acquisition will allow the company to offer operators order management and inventory solutions through either …

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Saab to Acquire Sensis Corp, Expand North American Presence Through Radars, Sensors, Defense Systems

Saab AB has a definitive agreement to acquire air traffic management solutions and surveillance technologies firm Sensis Corporation for approximately $155 million in cash. Sensis will continue its U.S. operations as a subsidiary of the Saab group. The acquisition is expected to decrease Saab’s earnings per share in 2011. It …

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CACI to Acquire Software Engineering Firm Pangia Technologies; Cofoni Comments

CACI International Inc. (NYSE: CACI) has signed a definitive agreement to acquire Pangia Technologies, LLC, a specialist in computer network operations, mission systems, software and systems engineering and IT infrastructure support. The acquisition is expected to increase CACI’s earnings per share during its first 12 months. The Maryland-based Pangia employs 110 …

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Siemens Enters Solar Production Business with Acquisition of Minority Stake in US Firm

Siemens AG (NYSE: SI) has acquired a 16.1 percent stake in Semprius Inc., a U.S. maker of high-efficiency solar modules. It is Siemens’ first acquisition the photovoltaic business. Terms were not disclosed. Siemens will use its experience as a solar project general contractor to help Semprius set up production. Siemens specializes …

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