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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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Former L-3 NSS Exec Bill Scott Joins STG as Cybersecurity VP; Phil Lacombe Comments

Bill Scott, a former vice president at L-3 Communications (NYSE: LLL), has been appointed VP of cybersecurity and secure information systems at Reston, Virginia-based government services contractor STG Group. Scott will work to manage STG’s resources, implement growth strategies and develop platforms designed to safeguard national security networks in collaboration with …

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GDEF Completes STG Acquisition; Simon Lee to Chair Merged Company’s Board

Acquisition firm Global Defense & National Security Systems (Nasdaq: GDEF) has wrapped up its purchase of information technology services contractor STG for $165.5 million in cash and stock. The deal seeks to integrate STG’s federal government sector clients and cyber and software platforms with GDEF’s network of partners in the national security and defense sectors, STG …

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CRGT Vet Charles Cosgrove Joins STG as CFO; Paul Fernandes Comments

Charles Cosgrove, formerly chief financial officer at systems integrator CRGT, will join Reston, Va.-based government contractor STG in the same role on Nov. 6. “Cosgrove has the ideal combination of experience as a public company CFO with in-depth knowledge of the U.S. federal government and technology markets, ” Paul Fernandes, president and …

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Acquisition Company GDEF to Buy STG in $165M Cash-Stock Deal

Acquisition company Global Defense & National Security Systems (NASDAQ: GDEF) has agreed to purchase Reston, Va.-based government contractor STG for approximately $165.5 million in cash and stock,  GDEF said Wednesday. GDEF expects to close the $10.55-per-share transaction in the third quarter of the company’s 2015 fiscal year and the deal is subject to the approval of its shareholders. The company’s fiscal …

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Former NASA CFO Ronald Spoehel Joins GDEF as Director; Damian Perl Comments

Ronald Spoehel, former chief financial officer at NASA, has been appointed to the board of directors at Global Defense and National Security Systems (NASDAQ: GDEF). He will officially start the role on April 28 and succeed John Gannon, who will depart for a senior advisory position within the U.S. government, GDEF said …

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