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M&A Activity

CSC Reaches Deal to Purchase Healthcare IT Firm iSOFT’s Globals Ops

CSC (NYSE: CSC) reached an agreement to purchase iSOFT Group Limited (ASX: ISF), an advanced healthcare IT solutions firm, via “court-approved scheme of arrangement.” According to the firm, “the acquisition will complement and strengthen CSC’s market-leading software products and healthcare integration and services portfolio, while enhancing its healthcare research and …

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NCI Finalizes AdvanceMed Purchase

NCI (NASDAQ:NCIT) has acquired the outstanding capital stock of CSC’s (NYSE: CSC) AdvanceMed. AdvanceMed supports services focused on the detection and prevention of fraud, waste, and abuse in healthcare programs, providing investigative services to the Centers for Medicare and Medicaid Services. NCI purchased the firm for $62 million.

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BAE Systems Closes Fairchild Imaging Purchase

BAE Systems has completed its planned acquisition of Fairchild Imaging, Inc. California-based Fairchild Imaging specializes in solid-state electronic imaging components, cameras, and systems. “Fairchild Imaging offers advanced electronic imaging technology that will enhance our ability to serve our customers with lower size, weight, and power devices for both airborne and …

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GTEC Completes Tender Offer

GTEC (Nasdaq: GTEC) issued a statement reporting the completion of the tender offer for its common stock by Ares Management LLC for $24.25 per share. According to the firm, “on March 3, 2011, GTEC announced that it had entered into a definitive merger agreement with Sentinel Acquisition Corporation, an affiliate …

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SAIC Sells Oil & Gas IT Services; CEO Havenstein, Group Pres. Craver Comment

SAIC (NYSE: SAI) has a deal in place to sell Wipro (NYSE: WIT) operations focused on “specialized IT services to oil and gas companies.” CEO Walt Havenstein announced the firm’s intent to move the units during a financial call last week. The firm is selling its U.S. oil and gas …

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Deltek Buys WMG, FedSources for $26 Million; CEOs Kevin Parker and Bill Gormley Comment

Deltek (NASDAQ: PROJ) has reached an agreement to purchase Washington Management Group, including FedSources and FedSources Consulting for $26 million in an all cash transaction. WMG, FSI, and FSI Consulting provide market intelligence and consulting to government contracting firms. “Acquiring WMG and FedSources significantly expands our solutions portfolio and drives …

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SRA Sold for $1.88 Billion to Providence Equity Partners

SRA International (NYSE: SRX) has agreed to a definitive merger agreement to be acquired by an affiliate of Providence Equity Partners in an all-cash transaction valued at $1.88 billion. As part of the agreement, SRA shareholders will receive $31.25 in cash for each share of common stock. The firm’s board …

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Northrop Grumman Finalizes Huntington Spin-off; CEO Wes Bush Remarks

Northrop Grumman (NYSE: NOC) has finalized its planned spin-off of subsidiary Huntington Ingalls Industries, Inc. (NYSE: HII). According to the firm, “Northrop Grumman stockholders of record at the close of business of the New York Stock Exchange (NYSE) on March 30, 2011, received one share of HII common stock for …

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Cisco to Boost Cloud Offering with newScale, Inc. Purchase

Cisco (NASDAQ: CSCO) reports that it intends to purchase newScale Inc., a firm focused on “software that delivers a service catalog and self-service portal for IT organizations to select and quickly deploy cloud services within their businesses.” The privately-held, California-based newScale helps customers “initiate the provisioning of their own systems …

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SAIC to Sell Portion of Business; CEO Havenstein Promises Aggressive Acquisition Strategy in Future

According to a report in The Washington Post, SAIC (NYSE: SAI) is looking to sell its business focused on IT solutions for oil and gas companies while seeking expansion in growth markets via acquisition. CEO Walt Havenstein noted the strategy in an investor call last week. “To grow our oil …

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