Shareholders at Proofpoint (Nasdaq: PFPT) voted to approve the cybersecurity and compliance company’s $12.3 billion sale to private equity firm Thoma Bravo. Proofpoint said Friday both parties still expect to complete the transaction in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions. Gary Steele, ...
PAE (Nasdaq: PAE) has received a potential five-year, $74.2 million contract to help the U.S. Marine Corps operate a military air station located in Japan. The company said Thursday it will maintain and repair facilities, manage wastewater and perform environmental and custodial support services at Marine Corps Air Station Iwakuni under the single-a...
The National Cybersecurity Center of Excellence has selected 18 technology companies to help design and demonstrate various approaches to implementing zero trust architectures. The National Institute of Standards and Technology’s NCCoE said Thursday it will work with the companies to design and field architectures based on the concepts ...
The Senate has confirmed Heidi Shyu‘s nomination to become the undersecretary of the Department of Defense for research and engineering, a role first held by Michael Griffin since the fiscal year 2017 National Defense Authorization Act elevated it at undersecretary level. As USD(R&E), Shyu will be responsible for setting the strategy for D...
Heather Murren, a financial services industry veteran who has served on the board of managers at Johns Hopkins University Applied Physics Laboratory since 2013, began serving as chair of the same board on July 1. She succeeds Michael Hankin, who led APL’s board of managers over the past six years and will continue to serve...
Planned Systems International has purchased Alexandria, Virginia-based technology integrator ProSphere Tech in a deal of an undisclosed sum that expands PSI’s health care information technology and cybersecurity offerings for the government sector. Founded in 2006, ProSphere works with federal customers to help them design systems, manage data...
Shield AI has acquired Heron Systems for an undisclosed sum to further expand its artificial intelligence engineering and reinforcement learning capabilities. Heron Systems is a software company founded in 1993 and is known for developing an AI pilot that emerged undefeated against a human Air Force F-16 fighter pilot in five rounds of simulated air...
Spatial data company Matterport will start trading Friday on Nasdaq under the symbol “MTTR” after it completed its merger with special purpose acquisition company Gores Holdings VI (Nasdaq: GHVI). Sunnyvale, California-based Matterport said Thursday it has secured approximately $605 million in total cash as a result of the combination, including...
Intelligent Waves has received task orders under three government contracts to provide enterprise technology and acquisition support to defense customers. The service-disabled veteran-owned company said Wednesday it will develop an integrated audio system and live streaming software using government-furnished equipment as part of a task order under ...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has received a $90.2 million contract modification from the Missile Defense Agency to perform tests and related activities to support the transition of a guidance electronic unit to production as part of the Standard Missile-3 Block IIA program. Under the award, Raytheon Missiles...
