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Tag Archives: Global Defense & National Security Systems

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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Paul Fernandes to Retire as STG Group President; Simon Lee Comments

Paul Fernandes, president of the government services contractor STG Group, will retire from his role by the end of 2016 after a 12-year career at the Reston, Virginia-based company. STG said Thursday Fernandes plans to stay in the role until the end of the year as the company works to identify and appoint a CEO. …

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Tim Denning Named STG Business Development VP; Paul Fernandes Comments

Tim Denning, director of IDIQ management at STG since 2014, has been named vice president for business development at the Reston, Virginia-based information technology services contractor. Denning will be responsible for helping develop and implement the company’s organic growth strategies and will lead its business development and capture functions in his new position, STG said Wednesday. …

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Former Parsons Exec Joseph Nicholas Named STG SVP, Cyber Sector Lead

Joseph Nicholas, formerly vice president of the cyber intelligence and operations sector at Parsons, will join Reston, Virginia-based information technology services contractor STG on May 23 as senior vice president and sector leader for cybersecurity and secure information systems. He will oversee the company’s efforts to develop IT platforms intended to …

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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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