M&A Activity

CSC Acquires Global Healthcare IT Solutions Provider iSOFT

CSC (NYSE: CSC) has closed its acquisition of healthcare IT solutions provider iSOFT Group Limited. CSC appointed iSOFT’s former CEO Andrea Fiumicelli as chief operating officer of its healthcare business. CSC said the move will add a robust set of clients in new and emerging markets and strengthen its software products and healthcare …

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Kratos Completes Acquisition of Integral Systems; DeMarco Comments

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has completed its acquisition of Integral Systems, Inc. by reverse merging a wholly-owned subsidiary with and into Integral. Each outstanding share of Integral common stock has converted into the right to receive $5 cash and 0.588 shares of Kratos common stock. Intergral shares will no …

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CACI to Acquire Cybersecurity and Enterprise IT Firm Paradigm Solutions; Cofoni Comments

  CACI International (NYSE: CACI) has signed a definitive agreement to acquire Paradigm Holdings, Inc., the parent of cybersecurity and enterprise IT firm Paradigm Solutions Corp. CACI expects the move to increase its earnings per share in the year following its projected fall 2011 close. Rockville, Md.-based Paradigm’s 2011 calendar year revenues are …

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Black Box Acquires Telecommunications Firm PS Technologies

Black Box Corporation (NASDAQ: BBOX) has acquired videoconferencing technology firm PS Technologies. Black Box said the acquisition will expand its presence in the enterprise video communications market, where it will reach healthcare and government clients. Ohio-based PS Tech has annual historical revenues of approximately $28 million. Its former president Leo Flotron will …

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General Dynamics Completes Acquisition of Fortress Technologies

General Dynamics (NYSE: GD) has completed its acquisition of wireless networking equipment provider Fortress Technologies, Inc. for an undisclosed amount. General Dynamics expects the move to increase its earnings beginning in 2012. General Dynamics C4 Systems will manage the acquired company, which employs around 70 workers. Massachusetts-based Fortress provides ruggedized and other …

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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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