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M&A Activity

Acendre Announces Acquisition of ICS Learning Group; Mike Giuffrida Quoted

Cloud-based talent management software provider Acendre has acquired ICS Learning Group for an undisclosed sum. “Acendre is dedicated to partnering with customers who have complex hiring and development processes that must be automated to compete for talent,” Acendre CEO Mike Giuffrida said in a statement published Monday. Giuffrida noted the transaction …

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HPE Strikes $1.3B Cash Deal for Cray; Antonio Neri, Peter Ungaro Quoted

Hewlett Packard Enterprise (NYSE: HPE) has agreed to acquire Cray (Nasdaq: CRAY) for approximately $1.3B in cash, or $35 per share, in a move to expand high-performance computing technology offerings. HPE said Friday it expects the deal to conclude by the first quarter of its fiscal year 2020 and to …

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By Light Buys Cyber Training Services Provider Metova Federal; Bob Donahue Quoted

By Light Professional IT Services has acquired cyber training services contractor Metova Federal for an undisclosed sum. “This acquisition will allow us to expand and diversify our cyber offering to better serve our customers,” Bob Donahue, CEO and founder of By Light, said in a statement published Friday. Cabot, Ark.-based Metova Federal provides …

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Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

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LexisNexis Risk Solutions Acquires Lumen from Numerica Corp., Haywood Talcove Quoted

LexisNexis Risk Solutions announced on Tuesday that the company is acquiring all Lumen’s assets, an integrated data platform owned by the Numerica Corporation. “Over the last seven years, we have successfully developed and commercialized the Lumen product line,” said Jeff Poore, Numerica Corporation president. “We are excited for our technology …

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DOJ Concludes IBM-Red Hat Transaction Review

The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM). IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday …

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Comtech Buys General Dynamics’ Next Generation 911 Business, Wins $100M Emergency Comms Tech Contract

Comtech Telecommunications (Nasdaq: CMTL) has acquired a General Dynamics (NYSE: GD) business that offered a 9-1-1 emergency communications system to state and local government clients. Comtech said Monday it added 60 employees as a result of the Next Generation 911 acquisition from General Dynamics’ information technology segment and secured a …

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IAI Continues National Security Market Push Under New Name; Dave Dzaran Comments

Integrity Applications Inc. has adopted the name Centauri following its combination with Xebec Global and Dependable Global Solutions. Centauri, led by former IAI CEO Dave Dzaran, aims to integrate multiple technology platforms in a push to help defense and intelligence agencies perform national security missions, the company said Tuesday. “Over …

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Arlington Capital Unveils New Aerospace Firm as Acquisition of Triumph Group’s Fabrication Business Closes

Arlington Capital Partners has formed a new company after the Washington, D.C.-based private equity firm completed its purchase of Triumph Group’s (NYSE: TGI) forming and fabrication facilities. Radius Aerospace will run as an independent company and be led by Tony Johnson as CEO, Arlington Capital said Monday. Johnson, who will …

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Mercury Buys Syntonic Microwave, The Athena Group; Mark Aslett Quoted

Mercury Systems (Nasdaq: MRCY) has purchased Syntonic Microwave and The Athena Group for $46M combined to expand its radio frequency capabilities and further broaden its presence in security and electronic warfare markets. Mark Aslett, president and CEO of Mercury Systems, said in a statement published Thursday the acquisitions will help …

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