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Tag Archives: Acquisition

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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Alion Science in Acquisition Talks with Veritas Capital

Veritas Capital plans to acquire Alion Science and Technology Corp. (NYSE: ALON) for approximately $300 million in equity, Dow Jones reported Wednesday. Hillary Canada writes Alion Science dismissed plans for an initial public offering in favor of the acquisition deal. Alion Science filed for an IPO in late April, according …

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Deloitte Buys Consulting Firm CIS; Owen Ryan Comments

Deloitte has acquired Compliance Implementation Services, a life sciences compliance consulting company, for an undisclosed amount. CIS will begin to operate under Deloitte’s risk and financial advisory practice, Deloitte said Monday. Owen Ryan, CEO of Deloitte Advisory, said the company intends for the CIS acquisition to help clients in the …

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Harris to Keep HQ in Melbourne FL, House Critical Networks Segment in Herndon VA

Harris Corp. (NYSE: HRS) has decided to maintain its corporate headquarters in Melbourne, Fla. and will also base two of its four newly-formed business segments in the state following the company’s $4.75-billion purchase of Exelis that closed in May. Both the electronic systems and space and intelligence systems segments will be based in Palm Bay, …

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Elbit Systems Closes Buy of Nice Systems’ Cyber, Intell Division

Elbit Systems (Nasdaq: ESLT) has wrapped up its purchase of Nice Systems’ cyber and intelligence division for an undisclosed amount. Cyberbit Ltd, an Elbit Systems subsidiary, bought the business, Elbit said Wednesday. Elbit formed Cyberbit to integrate the parent company’s cyber intelligence and security activities.

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