Tag Archives: Acquisition

Executives from Leidos (NYSE: LDOS), ManTech International (Nasdaq: MANT), Parsons (NYSE: PSN) and Jacobs Engineering Group (NYSE: JEC) said they believe divestitures of smaller business units resulting from major mergers and acquisitions in the past two years could drive the next wave of M&As in the government contracting market, the Washington Business Journal reported Wednesday.

James Marson, a more than two-decade contracting professional in the intelligence community, has joined ManTech International (Nasdaq: MANT) as vice president of contracts/subcontracts within the company’s mission, cyber and intelligence solutions group.

Serco Group's North American division has received a potential five-year, $43M contract to support design and engineering work on a small surface combatant vessel for the U.S. Navy.

Microsoft (Nasdaq: MSFT) has won the potential 10-year, $10B Joint Enterprise Defense Infrastructure cloud computing contract from the Department of Defense.

Falls Church, Va.-based information technology contractor Federal Hill Consulting has acquired FYI, a woman-owned company that offers a range of professional services to the federal government. The acquisition seeks to grow Federal Hill's human resource support offerings and business relationships with federal customers, FYI said.

Boston-based artificial intelligence technology firm DataRobot has raised $206M in a round of Series E financing led by Sapphire Ventures, bringing the company’s total funds to $431M.

Cloudera (NYSE: CLDR) has signed an agreement to purchase certain assets of business intelligence and analytics software developer Arcadia Data for an undisclosed amount.

Nashville, Tenn.-based staffing and recruiting firm Vaco has acquired MorganFranklin Consulting for an undisclosed sum in an effort to establish a $750M professional services provider focused on providing end-to-end executive placement, staffing and consulting services to clients across all industries.

Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham.

IBM (NYSE: IBM) has closed its acquisition of Red Hat for $190 in cash per share or approximately $34B.