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M&A Activity

PwC Buys Praxism to Grow Cyber Services Portfolio

PwC has acquired Scotland-based consulting firm Praxism for an undisclosed sum as the companies seek to help organizations secure data through identity and access management strategies. Colin Slater, digital and cyber partner at PwC’s Scottish arm, said in a statement published  Monday the acquisition is part of a push to expand the company’s presence …

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David DeWalt: FireEye Makes Cyber Threat Intell Push Through $200M iSIGHT Buy

FireEye (Nasdaq: FEYE) has bought security threat intelligence company iSIGHT Partners for $200 million cash in a bid to help enterprise clients detect and respond to sophisticated cyber attacks. Former iSIGHT shareholders are eligible to receive an additional $75 million in cash and stock if the business meets the target …

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Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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Investment Firm Platinum Equity Inks Deal to Buy PAE

Los Angeles-based investment firm Platinum Equity has agreed to purchase Arlington, Va.-based government services contractor PAE from New York City-headquartered private equity firm Lindsay Goldberg for an undisclosed sum in a deal the parties expect to close by February 2016, the companies said Monday. Lindsay Goldberg purchased PAE for $350 …

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Preferred Systems Solutions Buys Tetra Concepts in IC Market Push; Jim Ballard Comments

Preferred Systems Solutions has acquired system architecture and software design company Tetra Concepts in support of efforts to expand PSS’ core offerings in professional services and presence in the national security sector. Northern Virginia-based PSS said Tuesday Tetra Concepts will also add to its portfolio of cybersecurity, data analytics and cloud-based technology …

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Economic Times: Tata Consultancy Services Resumes Talks Over Acquisition of Dell’s IT Business

Tata Consultancy Services, an India-based information technology consulting firm, has resumed negotiations over its plans to acquire IT services provider Perot Systems from Dell, The Economic Times reported Monday. Anirban Sen and Jochelle Mendonca write Dell plans to sell Perot Systems for approximately $5 billion and has secured offers from …

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Mitcham Buys L-3’s Sonar Tech Manufacturing Business

Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors. Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use,  and the company aims to expand its technology and customer base through …

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Josh Walden: Intel Eyes Drone Tech Market With AscTec Purchase

Intel (Nasdaq: INTC) has agreed to buy German unmanned aerial vehicle developer Ascending Technologies for an undisclosed sum as the companies seek to accelerate adoption of computing tools in the drone market. Josh Walden, senior vice president and general manager of Intel’s new technology group, wrote in a blog article published …

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TechLaw Holdings Acquires Summit Technical Resources for Environmental Services Push

TechLaw Holdings has acquired Colorado-based environmental services provider Summit Technical Resources, which the holding company plans to merge with its TLI Solutions subsidiary. TechLaw said Thursday Summit’s eventual merger with TLI is pending government approval for contract novation in late 2016. “This is an important part of our plan to expand our …

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Mercury Systems Eyes National Security Sector With Newly Acquired Electronics Firm

Mercury Systems (Nasdaq: MRCY) has acquired privately held electronics company Lewis Innovative Technologies in efforts to expand Mercury’s embedded secure processing technology portfolio for the national security sector. LIT will retain its market presence in the Huntsville region in Alabama following the acquisition, Mercury said Dec. 16. “Embedded systems security has become a …

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