Tag Archives: federal it

Veritas Capital Strikes $3.4B Cash Deal for Northrop’s Federal IT, Mission Support Business

Information Technology

Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing, subject to regulatory approvals and other customary closing conditions.

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Belcan Buys Federal IT Services Contractor Telesis; Lance Kwasniewski Quoted

Lance Kwasniewski CEO Belcan

Belcan, a portfolio company of private equity firm AE Industrial Partners, has acquired federal information technology services provider Telesis for an undisclosed sum. "The acquisition of Telesis is transformational for Belcan's Government IT Solutions business, immediately adding complementary capabilities and greater scale," said Belcan CEO Lance Kwasniewski.

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Red Hat’s David Egts on Four Best Practices to Advance Federal IT Modernization

David Egts, chief technologist for North America public sector at Red Hat, wrote in an FCW commentary piece published Thursday that there are four best practices federal information technology administrators should consider adopting to support their agencies’ IT modernization efforts and one is focusing on people and processes.

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