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Tag Archives: Bank of America Merrill Lynch

Banking Vet Harry McMahon Added to Parsons’ Board of Directors

TYSONS CORNER, VA, June 7, 2018 — Parsons has appointed Harry McMahon, formerly executive vice chairman at Bank of America Merrill Lynch, to its board of directors, ExecutiveBiz reported Wednesday. The Pasadena, Calif.-based technology company said Tuesday the 32-year investment banking veteran has supported global organizations in their strategic and …

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Private Equity Firms Buy Space Tech Maker LinQuest

CoVant Management and Madison Dearborn Partners have purchased Los Angeles-based space systems technology platforms provider LinQuest for an undisclosed sum. LinQuest CEO Leon Biederman will continue to oversee the company and maintain “a significant minority ownership position” in the firm along with other members of the management team, CoVant said Tuesday. Biederman …

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Cognosante Eyes Public Health IT Sector Expansion Through BITS Purchase

Cognosante has purchased Business Information Technology Solutions for an undisclosed sum in a push to expand the former’s presence in the public health information technology sector. BITS will operate as a subsidiary and Founder and CEO Dan McQuay will continue to lead the business under the new ownership,  Cognosante said Thursday. McLean, …

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Mitel to Buy Polycom in $1.96B Cash-and-Stock Deal

Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a …

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Vangent Inc. Reportedly For Sale

Vangent Inc. has hired Bank of America Merrill Lynch and Goldman Sachs Group to pursue a sale of the company, according to a June 2 Reuters report. The process has reportedly drawn interest from both private-equity firms and other companies doing business in the government contracting sector. Private-equity firm Veritas …

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