Government information technology services provider NCI has been purchased and taken private by H.I.G. Capital in a cash deal worth approximately $283 million. H.I.G. wrapped up the acquisition one day after the completion of the investment firm’s $20-per-share tender offer for the Reston, Virginia-based contractor. Rick Rosen, an H.I.G. executive managing director, said in …

Private investment firm H.I.G. Capital has closed a tender offer of $20.00 per outstanding share of NCI (Nasdaq: NCIT) common stock Saturday as part of the former’s pending $283 million cash acquisition of the Virginia-based government information technology firm. The companies said Monday the tender offer covers 7,424,366 shares of Class A common stock …

TYSONS CORNER, VA, July 24, 2017 — SAP National Security Services (NYSE: SAP) has secured certification under the Federal Risk and Authorization Management Program for a suite of cloud-based human capital management tools, ExecutiveBiz reported Friday. The company said Thursday FedRAMP authorized the deployment of the SAP NS2 Secure Node with SAP SuccessFactors …

Stu Shea has been named Chief Executive Officer of MHVC Acquisition Corp., (MHVC) formerly Harris Corporation’s Government Services business, a recent acquisition of Veritas Capital. MHVC is operating as a standalone company and will launch the new brand soon, Veritas Capital announced in a press release. Previously, Shea was President and Chief …

PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017. PAS provides OEM and aftermarket aerospace engine components that are able to endure high-wear, high-heat, and corrosive environments. The company offers a comprehensive set …

TYSONS CORNER, VA, March 6, 2017 — Symantec (Nasdaq: SYMC) has formed a venture capital arm that will work to support startup companies as they bring new cybersecurity technologies to the market, ExecutiveBiz reported Friday. The company said Thursday Symantec Ventures will provide startups access to its go-to-market resources, threat intelligence network and the Integrated Cyber …

Lockheed Martin (NYSE: LMT) has purchased a minority stake in San Diego-based semiconductor firm IQ-Analog for an undisclosed amount through the former’s venture capital arm, the Wall Street Journal reported Thursday. Doug Cameron writes the move is part of Lockheed’s efforts to tap emerging technology firms as the Defense Department seeks technology …

Arlington Capital Partners has established a new company known as Polaris Alpha after the Washington-based private equity firm merged its portfolio company EOIR Technologies with cybersecurity firm Proteus Technologies and data analysis platforms provider Intelligent Software Solutions. Polaris Alpha will work to provide software and other technology platforms across ground, maritime, aerial, space, electromagnetic …

The General Services Administration has awarded 109 contractors spots under two contracts worth up to $11.5 billion combined over 15.5 years to provide human capital strategy, workforce training and development and organizational performance improvement support for federal agencies. GSA said Monday that 72 large businesses won in the Human Capital and Training Solutions acquisition vehicle and 37 awards …

TYSONS CORNER, VA, December 17, 2015 — Dan Helfrich, incoming head of Deloitte‘s federal practice, has said workforce transformation and other human capital initiatives will be key areas of interest in government. He told ExecutiveBiz in an interview published Wednesday that he believes the public sector will also put more effort on performance …