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Tag Archives: featured

Robert Mehrabian: Teledyne Adds Acoustic Tools Through $171M Purchase of Bolt Technology

Teledyne Technologies (NYSE: TDY) has agreed to acquire Bolt Technology Corp. (NASDAQ: BOLT) for nearly $171 million in a move that Teledyne Chairman and CEO Robert Mehrabian says is intended to expand his company’s marine instrumentation portfolio. Mehrabian said Wednesday that Bolt’s SeaBotix business will become a part of Teledyne’s marine systems business. “Bolt’s geophysical acoustic sources …

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Kofax Buys E-Signature Firm Softpro

Kofax (NASDAQ: KFX) has moved to build up its information security offerings with the acquisition of German verification systems provider Softpro for an undisclosed amount. Irvine, California-based Kofax said Tuesday it expects the transaction to add fraud detection and electronic signature verification to its First Mile business process management software. Kofax expects …

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Fred Graffam Takes Additional Role as DigitalGlobe Interim CFO; Jeffrey Tarr Comments

Fred Graffam has assumed the role of interim chief financial officer at DigitalGlobe (NYSE: DGI) in addition to his position as vice president of financial planning and analysis. Graffam takes the additional role as the company continues to scout for the replacement of Yancey Spruill,  DigitalGlobe said Wednesday. “Fred’s experience, coupled with the deep …

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Accenture to Extend Healthcare.gov Support for 6 Months

Accenture (NYSE: ACN) has been awarded a six-month contract extension to continue helping the Centers for Medicare and Medicaid Services maintain the federal health insurance exchange portal, Modern Healthcare reported Tuesday. Virgil Dickson writes Accenture originally won a one-year, \$90 million contract for technical support of Healthcare.gov and is scheduled …

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Randy Fuerst Promoted to CEO at Oceus Networks

Randy Fuerst, formerly president and chief operating officer at Oceus Networks, has been promoted to the CEO post at the Reston, Va.-based broadband technology services contractor and will retain the title of president, the company announced Wednesday. “Oceus has made great strides in introducing 4G LTE commercial broadband technology into the …

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Tom Sharpe: GSA Aims to Cut Contract Duplication as OASIS Vehicle Starts Business

The General Services Administration has declared its OASIS professional services contract vehicle as ready for business after both the Government Accountability Office and the Court of Federal Claims have denied all protests related to the program. Federal agencies now have access to commercial and non-commercial professional services through OASIS, which GSA …

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Hugh Evans: Veritas Capital Eyes Cyber Market Growth Through BeyondTrust Purchase

An affiliate of Veritas Capital will purchase cybersecurity firm BeyondTrust from Insight Venture Partners for an undisclosed sum in a move to pursue growth with enterprise and government clients. “We expect the cybersecurity market to benefit from increasing regulatory/compliance requirements, high-profile breaches and complexity of the IT environment, ” Hugh Evans, a partner at Veritas Capital, said Tuesday. BeyondTrust …

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Kevin Connell: UK Military Orders 589 General Dynamics SCOUT Vehicle Platforms

General Dynamics UK has been awarded a $5.8 billion contract to build SCOUT specialist vehicle platforms for the British Army. The company will deliver 589 SCOUT SV platforms to the U.K. from 2017 to 2024, as well as perform support and training services for British troops,  General Dynamics said Wednesday. General Dynamics …

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Accenture Lands Army ERP Infrastructure Support Contracts

A subsidiary of Accenture (NYSE: ACN) has won two contracts with a total $53.1 million value to provide support services for the U.S. Army‘s General Fund Enterprise Business System. The first contract is worth $42 million and calls for Accenture Federal Services to help the branch maintain and operate the …

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Ed Abel, Farley Cleghorn Promoted at GRM Futures Group; Kim Bredhauer Comments

The GRM Futures Group has promoted Ed Abel to president of the company’s U.S. business segment and Farley Cleghorn to chief knowledge officer and global health practice leader effective Oct. 1. The promotions were announced as CEO Chris LeGrand prepares to leave the company by the end of the year, the Futures Group said Friday. …

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