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M&A Activity

CSC Struck 2009 Deal with Unnamed IC Agency

CSC has announced an agreement to provide cyber services for an unnamed intelligence community agency. The task order has a one-year base period and four one-year options, totaling the five-year value to $27 million. This contract was awarded to CSC during the company’s fiscal 2010 second quarter that ended Oct. …

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OAO Technology Acquired by Platinum Equity

OAO Technology Solutions, Inc. (OAOT) was acquired by Platinum Equity from an affiliate of J.F. Lehman & Company and the other stockholders of OAOT.  Terms of the deal were not disclosed. “In the midst of a challenging worldwide economic climate, over the last three years OAOT has expanded its market …

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Unisys Sells Health Information Business for $135 Million

Unisys has announced it has sold its health information management (HIM) business to Molina Healthcare, Inc. for approximately $135 million. The Unisys HIM business provides system solutions and business process outsourcing services to state governments for administration of their Medicaid and other state health care entitlement programs. The business currently …

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Argon ST Explores Options

Argon ST has announced that the firm will explore “strategic alternatives” including acquisitions, mergers, sale of the company or other transactions. To help address this issue, Argon ST has retained Stone Key Partners of Greenwich, Conn. The firm’s board of directors maintains that in the event no alternatives prove worthwhile, …

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SAIC Acquires CloudShield; Boosts Cybersecurity

Science Applications International Corp. (SAIC) has announced the acquisition of CloudShield Technologies, Inc., a cybersecuirty and management solutions provider. Cloudshield will boost SAIC’s cybersecurity capabilities.  CloudShield will operate within SAIC’s Intelligence and Information Solutions Business Unit, part of SAIC’s Intelligence, Security and Technology Group headed by Stu Shea.   “We are …

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CGI Re-ups with Télé-Pop

 CGI Group, Inc., has signed a four-year contract extension with Canadian-based Télé-Pop, Inc.  CGI will continue to provide the firm with their core banking system and other solutions. Télé -Pop, Inc., works to support the Fédération des caisses populaires du Manitoba serving the Manitoba Caisse network, as well as a …

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FGM Acquires Edge Technologies’ Enterprise Services Group

FGM announced the acquisition of Edge Technologies’ Enterprise Services Group (ESG). Edge Technologies’ ESG delivers high end engineering services for the Intelligence Community and Law enforcement groups. Their main focus is cyber security. FGM’s CEO, Scott Gessay, said: “The ESG team is a group of highly cleared and very talented …

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SAIC Completes New Acquisition

SAIC announced yesterday the completion of its acquisition of Spectrum San Diego, which specializes in X-ray scanning systems. Under the acquisition, SAIC acquired Spectrum’s CarScan product, which is used to scan vehicles at border and high security checkpoints for contraband. Preston, SVP and business unit general manager at SAIC, said …

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Global Telecom & Technology Makes Second Acquisition in 60 Days

Global Telecom & Technology, Inc has announced an agreement to buy certain customers and assets from Chicago-based Global Capacity, Inc.  Under the agreement, GTT will buy contracts serving over 100 data transport customers and generating up to $25 million in annualized revenue for up to $8 million in cash.  GTT …

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SAIC Completes Acquisition of Spectrum San Diego

Science Applications International Corporation (SAIC) has announced that its acquisition of Spectrum San Diego, a high-technology security firm specializing in ultra-low-dose X-ray scanning systems, has been completed.Terms of the acquisition were not disclosed. SAIC acquired Spectrum’s CarScan product line under the agreement, which scans cars and vans in the normal …

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