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Tag Archives: Acquisition

STG Makes Intell Community Push Through $119M Deal for Preferred Systems Solutions

Reston, Va.-based government technology services contractor STG Group has agreed to acquire software engineering and computing provider Preferred Systems Solutions for $119 million in a push to add new footprints in the intelligence community and other national security agencies. STG said Tuesday it expects to close the transaction by the end of March pending …

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February 17 Market Close: GovCon Index Sets 5th Straight Record Close on Boeing & Huntington Ingalls Lifts

Executive Mosaic’s GovCon Index crawled to a fifth straight record close Friday to extend its current stretch of weekly gains to three and record a five-day advance of 2.72 percent . The U.S. stock benchmark S&P 500 also inched to a record close for a weekly gain of more than 1 percent despite investor …

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Former CACI SVP Rick Dansey Named Defense Programs SVP at TeraThink

Rick Dansey, founder of Ignitis and a former executive vice president at CACI International (NYSE: CACI), has been appointed to the role of senior vice president for defense programs at management and technology consulting services contractor TeraThink. TeraThink said Monday Dansey will offer more than 28 years of executive experience to oversee the …

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Octo Consulting Buys Aquilent’s SeaPort-e Business Unit

Octo Consulting Group has purchased the SeaPort-e business unit from Laurel, Maryland-based federal digital and cloud services provider Aquilent for an undisclosed sum. Octo said Wednesday it assumed the support contract for the SeaPort-e electronic platform with the U.S. Navy before Booz Allen Hamilton (NYSE: BAH) completed the acquisition of Aquilent. …

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LinkedIn’s Kevin Scott Named Microsoft CTO

Kevin Scott, senior vice president of infrastructure at business social networking company LinkedIn, has been named chief technology officer at Microsoft (Nasdaq: MSFT). Scott will report directly to Microsoft CEO Satya Nadella as a member of the senior leadership team and will oversee “strategic, cross-company initiatives, ” Microsoft said Tuesday. …

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Diffeo Buys Cloud Search Tech Developer Meta Search

Cambridge, Massachusetts-based knowledge discovery firm Diffeo has purchased Boston-based startup Meta Search for an undisclosed sum as part of efforts to expand search and discovery technology offerings. Diffeo said Tuesday it also renamed Meta Search’s platform to Diffeo Cloud Search as part of the acquisition. “Diffeo’s customers in government, financial services …

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Belcan Buys Kemtah Group in Govt IT Services Expansion Push

Belcan, a portfolio company of private investment firm AE Industrial Partners,  has purchased The Kemtah Group for an undisclosed amount in a strategy to expand the former’s government information technology services business. Belcan CEO Lance Kwasniewski said in a statement released Thursday the transaction comes five months after it acquired Intercom Consulting & Federal …

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L3 Completes $117M Purchase of Implant Sciences’ Explosive Trace Detection Business

L3 Technologies (NYSE: LLL), then L-3 Communications, has wrapped up its purchase of Implant Sciences’ explosive trace detection business for $117.5 million cash through an asset purchase agreement. Michael Strianese, chairman and CEO of L3, said in a statement released Thursday the acquisition will help expand L3’s presence in national security …

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MacB Eyes Cyber Portfolio Expansion Via Enlighten IT Consulting Purchase

MacAulay-Brown has purchased Enlighten IT Consulting for an undisclosed sum in a push to expand MacB’s portfolio of cybersecurity offerings and client base in the federal market. MacB will operate EITC as a wholly owned subsidiary and that EITC CEO Shawn Justice will directly report to Sid Fuchs, president and …

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Dynetics Buys Aviation & Missile Solutions, Names Cindy Griner AMS President

Huntsville, Alabama-based engineering, applied science and information technology contractor Dynetics has purchased technical services provider Aviation & Missile Solutions for an undisclosed amount. Dynetics said Thursday it will operate AMS as a wholly owned subsidiary, effective Jan. 2, and has appointed Cindy Griner, manager of Dynetics’ engineering services and solutions division, to succeed …

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