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Search Results for: HIG Capital

Cisco Acquires Tail-f Systems for $175M

Cisco announced Tuesday their intention to acquire privately held Tail-f Systems for $175 million, a plan set in motion by AT&T to reshape and virtualize telecommunications networks in the cloud. Cisco aims to incorporate Tail-f into its cloud and virtualization group to increase marketability in telecom infrastructure, the company said …

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Shirl Jenkins Elevates to EVP, Chief HR Officer at IntelliDyne; Tony Crescenzo Comments

Shirl Jenkins, a 25-year human resources veteran and former HR director of IntelliDyne, has been promoted to the roles of executive vice president and chief HR officer at the Falls Church, Va.-based technology consulting firm. She will oversee strategic programs at the company’s HR department and continue to develop talent …

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QinetiQ Buys Redfern Integrated Optics in Sensor Market Push; Leo Quinn Comments

QinetiQ has bought Redfern Integrated Optics, a semiconductor laser provider to the sensor industry, for an undisclosed amount as QinetiQ looks to gain a foothold in the distributed acoustic sensing market. The purchase is slated to close within the first half of QinetiQ’s 2015 fiscal year and RIO will be …

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OpGen Gets $11.6M in In-Q-Tel-Led Debt Funding

OpGen has raised $4 million in debt, warrants and securities funding from a group of investors led by In-Q-Tel, Citybizlist reported Tuesday. Sindhu Madhusudan writes the genome analysis company has also obtained $11.6 million in debt funding from investors such as In-Q-Tel, Harris & Harris Group, Highland Capital Partners, CHL Medical …

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Deltek: Pentagon Puts IT at Center of Cost-Reduction Efforts

The Defense Department is working to allocate its budget and focus on eight key information technology initiatives, the Washington Post reported Sunday. Deniece Peterson, director of research at Deltek, writes DoD wants the IT programs to reduce costs in an environment of changing regulations, budgets and workforces.. Peterson highlighted areas …

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KippsDeSanto Sees Tactical Micro Deal as the Continuation of Defense M&A Trends; Karl Schmidt Comments

Secure Communication Systems and private equity firm Vance Street Capital have acquired training, instrumentation and surveillance company Tactical Micro, Inc. from private equity firm Relativity Capital. M&A focused investment bank KippsDeSanto & Co. advised Tactical Micro on the deal and said it was reminiscent of key trends they have seen in the defense M&A environment. …

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AECOM Wins $209M to Manage Libya Housing Project; John Dionisio Comments

AECOM Technology Corp. (NYSE: ACM) has been awarded a potential 25-month, $209 million contract to serve as lead program manager and main adviser for a housing project in Libya. The company will work to manage the Housing and Infrastructure Board’s capital budget program and to advise the Ministry of Housing …

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URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, …

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SAIC Senior Leaders Share Post-Spinoff Goals with Investors

Senior leaders of the future Science Applications International Corp. discussed the company’s plans Wednesday as that business prepares to spin off from SAIC, which is being renamed Leidos. SAIC will be a prime contractor on 91 percent of its 1, 500 contracts and task orders and is valued at $4 billion in annual …

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Bob Kipps: As Sellers Return, Sustained Buyer Interest Could Buoy GovCon M&A in 2nd Half of 2013

Rising From the Abyss? Bob Kipps, Managing Director,  KippsDeSanto & Company As industry dealmakers know, government services and defense deal closings during first half of this year were hollowed out by the double whammy of higher capital gain taxes and advent of sequestration that occurred earlier this year. Anticipation of …

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