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Tag Archives: Acquisition

VMware May Buy Dell in Potential ‘Reverse Merger’

Jan. 29–Dell Technologies might be pursuing a reverse merger with VMware, as reported Monday in Yahoo Finance. According to people familiar with the matter, in what might likely be biggest deal in the history of the tech industry. The reverse merger, where VMware’s $60 billion cloud computing and virtualization software company …

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Former Acting Navy Secretary Sean Stackley Joins L3 in Corporate VP Role

Sean Stackley, former acting secretary of the U.S. Navy, has been appointed corporate vice president for strategic advanced programs and technology at L3 Technologies (NYSE: LLL). L3 said Monday Stackley will report to Heidi Wood, senior VP for corporate strategy and technology, and oversee growth strategies intended to synchronize the company’s technology …

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Carey Smith: Parsons’ Williams Electric Acquisition to Boost Control Systems Portfolio

TYSONS CORNER, VA, Dec. 4, 2017 — Carey Smith, federal group president at Parsons, said the company sees new opportunities in the control systems sector following its acquisition of control systems integration firm Williams Electric, ExecutiveBiz reported Friday. Smith, an inductee into Executive Mosaic’s Wash100 for 2017, told the Pasadena Star-News in …

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Report: DoD IG Lauds USAF Acquisition Strategy, Risk Mgmt for Bomber Program

The Defense Department’s inspector general has said the U.S. Air Force developed a “comprehensive” risk management process and procurement strategy to support its $80 billion B-21 bomber aircraft program, Bloomberg reported Monday. DoD IG said in the redacted version of its audit report that the bomber program has “clearly defined” warfighter requirements …

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ServiceNow’s Bob Osborn: ‘Service-Aware Enterprise’ Can Help Agencies Understand Security Risks

Bob Osborn, chief technology officer for federal at ServiceNow (NYSE: NOW), has said that federal agencies should implement a “service-aware capability” to understand security risks and increase awareness of real-time computing boundaries as they receive and process data derived from internet-connected devices. Osborn wrote that agencies seeking to maintain contextual …

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Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

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SSL’s Rob Zitz: Maxar Turns to ‘Persistent’ ISR With Eye Toward US Gov’t Customers

TYSONS CORNER, VA, Nov. 1, 2017 — Rob Zitz, chief strategy officer of Space Systems Loral‘s government systems unit, has said the new company that resulted from MacDonald, Dettwiler and Associates‘ acquisition of DigitalGlobe will leverage intelligence, surveillance and reconnaissance offerings in its push toward the U.S. government market, ExecutiveBiz reported Thursday. Via …

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NTT Data Lands $82M Contract Extension for Navy Submarine Lifecycle Mgmt Support; Tim Conway Comments

An NTT Data division has received a potential two-year, $82 million contract extension from the U.S. Navy to continue to provide lifecycle management and acquisition support for the service branch’s submarine fleet. The Naval Sea Systems Command awarded the extension to NTT Data Services as an option to the previously awarded …

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Report: India OKs $655M Boeing Apache Helicopter Buy

India has approved a deal to buy six additional Boeing-built (NYSE: BA) Apache helicopters for approximately $654.6 million, Reuters reported Thursday. India’s defense acquisition council on Thursday cleared the deal that also covers related equipment, spares, weapons, ammunition and training support. The decision came nearly two years after the country’s cabinet gave …

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Paragon TEC Awarded $76M NASA Acquisition, Business Support IDIQ

Paragon TEC has received a potential five-year, $75.8 million contract for business and acquisition support services to NASA‘s Marshall Space Flight Center and Michoud Assembly Facility. NASA said Saturday the company will support acquisition policy, accounting, budget integration and analysis, business best practices, procurement operations and paralegal functions at the two agency …

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