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M&A Activity

Private Equity Firm TPG, Intel to Form Security JV Under Estimated $4.2B Deal

Santa Clara, California-based computing chip maker Intel (Nasdaq: INTC) will spin off the company’s security business into a new joint venture with investment firm TPG through an estimated $4.2 billion multi-step transaction. Intel said Wednesday it will own 49 percent of the JV to be called “McAfee” and receive $3.1 billion cash while TPG will own the remaining …

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LMI Seeks to Expand Intell Community Services Through FourWinds Acquisition

Tysons, Virginia-based LMI has agreed to acquire national security consulting services contractor FourWinds under a deal of an undisclosed sum approved by the former’s board and the leadership teams of both companies. LMI said Thursday the acquisition seeks to complement its management consulting service offerings for the intelligence sector as the company eyes further expansion in the federal …

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Mark Gray: ASRC Federal Buys Vistronix in Intell Community Market Push

Beltsville, Maryland-based government contractor ASRC Federal has acquired Vistronix Intelligence & Technology Solutions for an undisclosed sum in a push to diversify the former’s portfolio of government services. Arctic Slope Regional Corp., ASRC Federal’s parent company, announced the acquisition Wednesday and said Vistronix will operate as an ASRC Federal subsidiary. “This acquisition …

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Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country’s defense and security of its citizens. Krone made the comment in response to a question on …

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Apollo Group, Constellis Executives to Buy Out Security Services Contractor

A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September and the …

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HPE to Buy Silicon Graphics International for $275M in Big Data Analytics, HPC Market Push

Hewlett Packard Enterprise (NYSE: HPE) has agreed to purchase Milpitas, California-based high-performance computing platforms provider Silicon Graphics International (Nasdaq: SGI) for approximately $275 million cash in a push to expand its footprint in the HPC and big data analytics markets. SGI said Thursday the price of the transaction is $7.75 …

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PlanetRisk Seeks to Expand Analytics Tools Suite Through Analytic Strategies Buy

McLean, Virginia-based analytics firm PlanetRisk has purchased service-disabled, veteran-owned small business Analytic Strategies for an undisclosed sum in an effort to expand its suite of analytics platforms. Randy Wimmer, founder and CEO of Analytic Strategies, will sit on PlanetRisk’s board of directors and serve as a strategic adviser to PlanetRisk …

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Intelligent Decisions Sells US Army Comms, Transmission Systems Assets to Tribalco; Michele Friedman Comments

Intelligent Decisions has sold the company’s U.S. Army communications and transmission systems business assets to Bethesda, Maryland-based government services contractor Tribalco after the Army Contracting Command approved the transaction. Tribalco said Friday the deal includes ID’s position as one of 12 awardees on a potential $4.1 billion U.S. Army contract vehicle awarded in September 2013 for …

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Mission Essential Acquires IMT Corp for C4ISR Market Push

Herndon, Virginia-based military and intelligence services contractor Mission Essential has purchased systems integration and software engineering company Information Management Technology Corp. for an undisclosed sum to grow communications-related work with the Defense Department. Mission Essential said Thursday that IMT will operate as a subsidiary under the new ownership and also add technical support and sustainment service offerings …

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David DiGiacomo: ECN Makes Unified Critical Comms Market Push Through MIR3 Purchase

Emergency Communications Network has purchased San Diego-based notification systems and response software provider MIR3 for an undisclosed sum in an effort to address customer demand for software communications platforms. David DiGiacomo, president and CEO of ECN, said in a statement released Monday the purchase will help ECN expand its footprint …

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