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Tag Archives: featured

February 4 Market Close: GovCon Index Records Flat Day, US Stocks React to ECB’s Greece Decision

The GovCon Index saw a relatively flat day of trading Wednesday with a nominal gain of 0.065 points — or 0.089 percent — to close at 72.726. Most U.S. stocks fell late in the trading day after the European Central Bank said it would suspend a waiver to let banks use the Greek government’s …

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Cloudera Buys Self-Service Analytics Provider Xplain.io; Charles Zedlewski Comments

Cloudera has bought self-service analytics provider Xplain.io for an undisclosed amount in an effort to help customers in enterprise data center deployment. The Xplain.io team will join Cloudera to assist clients in adding workloads to their Cloudera  environments, Cloudera said Tuesday. “With the addition of Xplain.io technology and expertise, we …

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VMware Buys Workspace Environment Manager Immidio; Sumit Dhawan Comments

VMware (NYSE: VMW) has acquired Immidio, provider of user environment management, for an undisclosed amount in a move to help clients transition to mobile cloud platform. Sumit Dhawan, senior vice president and general manager of desktop products for VMware, said Tuesday the acquisition is intended to expand VMware’s technologies for …

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RSA Executive Chair Art Coviello to Retire in February; Joe Tucci Comments

Art Coviello, executive chairman of RSA and executive vice president of parent company EMC (NYSE: EMC),  will retire by Feb. 28 and act as a strategic adviser to RSA President Amit Yoran through the transition period. Yoran, an inductee into Executive Mosaic’s Wash100 list for 2015, will assume Coviello’s responsibilities but …

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Boeing Secures $223M Phase 2 DLA Contract for Combat Logistics Support

Boeing (NYSE: BA) will provide combat logistics support for 11 U.S. military aircraft under a $223 million contract for the second phase of a five-year, $516 million agreement with the Defense Logistics Agency. The company said Tuesday the performance-based contract includes support for the AH-64 Apache, AV-8B Harrier, B-52 Stratofortress, C-17 Globemaster III and F/A-18 Super …

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Phil Lacombe Named Parsons Cyber Lead; Mary Ann Hopkins Comments

Phil Lacombe, currently vice president and manager for the information systems and security sector at Parsons, has been appointed to lead the company’s cyber initiative. The two-decade industry veteran will work to help the company grow its cyber business line and establish a cyber solutions center, Parsons said Tuesday. Lacombe …

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February 3 Market Close: GovCon Index Rebounds 1.5% to Set Record

The GovCon Index rose for a second consecutive day to record a gain of 1.16 points — or 1.572 percent — to close at 72.661 on Tuesday and set a new all-time high. Energy shares continued a four-day streak of increases in conjunction with an increase in crude oil prices in New York and U.S. …

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TCS to Add 1 Seat on Board of Directors; Maurice Tose Comments

TeleCommunication Systems (NASDAQ: TSYS) will expand the number of seats on its board of directors from eight to nine as part of an agreement with Becker Drapkin Management. TCS will appoint two out of three nominees Becker Drapkin chooses to serve on the board within 30 days, TCS said Monday. “We …

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Tom Medara Appointed BD VP at Constellation West

Tom Medara, a 20-year Air Force intelligence veteran and employee at Constellation West, has been promoted to vice president of business development at the technology services contractor. Constellation West said Tuesday Medera’s primary responsibilities will be to manage and supervise the company’s work for U.S. Strategic Command. Medara’s post-Air Force career includes …

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Carlyle Group’s Booz Allen Ownership Stake to Become 29%

The Carlyle Group will reduce its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 29 percent after the equity and investment firm sold 12 million shares to Morgan Stanley & Co. for approximately $353 billion, or $29.42 per share. Booz Allen said Monday it expects to close and settle the …

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