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Tag Archives: Acquisition

IAP Buys DRS’ Aviation, Tactical Comms Businesses; Doug Kitani Comments

IAP Worldwide Services has purchased the aviation and logistics,  and tactical communications and network solutions business units of DRS Technologies for an undisclosed sum. IAP said Wednesday it will combine the two acquired segments with its aviation and engineering solutions and national security programs units. Doug Kitani, CEO of IAP Worldwide Services, …

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Trend Micro Buys HP TippingPoint for $300M; Eva Chen Comments

Trend Micro International has acquired Hewlett-Packard’s TippingPoint business for nearly $300 million in a move to help customers address sophisticated attacks. The acquisition deal covers TippingPoint’s security technology, intellectual property, Digital Vaccine LABS threat insight and its enterprise customer base, Trend Micro said Wednesday. Trend Micro will combine the intrusion prevention …

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L-3 to Continue T-45 Sustainment Work at Navy Stations

TYSONS CORNER, VA September 25, 2015 — The Naval Air Systems Command has awarded L-3 Communications (NYSE: LLL) a $160 million modification contract to continue to provide T-45 jet maintenance and logistics services at various naval air stations in the country, ExecutiveBiz reported Thursday. The Defense Department said Tuesday L-3 subsidiary …

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GardaWorld Acquires Aegis Group; Stephan Cretier Comments

GardaWorld has closed its purchase of private security services provider Aegis Group for an undisclosed sum in a move to grow in the global protective services market. KippsDeSanto & Co. — financial adviser to Aegis Group on the transaction — announced the deal’s completion Tuesday and said GardaWorld seeks to increase its footprints in …

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SageNet Buys Turnberry’s Cybersecurity Division; Daryl Woodard Comments

SageNet has purchased Turnberry Solutions’ cybersecurity division in an effort to grow in the payment card industry compliance and advanced threat protection services markets. SageNet said Sept. 1 that Paul Truitt, head of the cybersecurity practice at Turnberry, will serve as SageNet’s vice president of cybersecurity services. The Certified Information Systems Security Professional …

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Heidi Shyu Describes Army’s Open Architecture Approach, Tech Acquisition Environment to Potomac Officers Club

Technology platforms with open architectures are a key aspect of the U.S. Army‘s large push to change how it brings new tools to soldiers in the battlefield, the service branch’s lead acquisition official told the Potomac Officers Club Wednesday. Heidi Shyu — assistant army secretary for acquisition,  logistics and technology — also …

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Data Systems Analysts Closes Symbolic Systems Federal IT Services Buy; Fran Pierce Comments

Data Systems Analysts has moved to expand its U.S. Army knowledge management practice with the acquisition of Symbolic Systems‘ federal information technology assets for an undisclosed amount. Robert Wheeler, formerly chief operating officer for Symbolic Systems, joined DSA’s leadership team as a vice president as part of the acquisition, DSA said …

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IBM Plans to Acquire Merge Healthcare Tech for $1B

TYSONS CORNER, VA August 10, 2015 — IBM (NYSE: IBM) is looking to strengthen Watson’s image analytics and cognitive abilities with a planned purchase of Merge Healthcare (Nasdaq: MRGE), maker of medical imaging and clinical systems based in Chicago, ExecutiveBiz reported Friday. IBM said Thursday it expects the $1 billion transaction …

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Harris Tops Wall Street’s 4Q Earnings, Revenue Forecasts

Harris Corp. (NYSE: HRS) has reported fiscal year 2015 fourth quarter earnings of $1.32 per share, a figure adjusted for one-time gains and costs and seven cents higher than the Wall Street forecast of $1.21 per share. The Melbourne, Fla.-based communications technology maker included in its fourth quarter results activity …

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TCS Buys Navigation Firm Loctronix; Sameer Vuyyuru, Jay Whitehurst Comment

Telecommunication Systems (Nasdaq: TSYS) has acquired inertial-navigation provider Loctronix for an undisclosed amount in an effort to help first responders locate distressed individuals and public safety personnel, Urgent Communications reported Friday. Sameer Vuyyuru, group vice president and general manager for the TCS location business unit, said the company intends for the acquisition …

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