Tag Archives: government services

Washington, D.C.-based development consulting firm Chemonics International has purchased the goverment services unit of San Francisco-based utility and energy management software provider Nexant for an undisclosed sum.

Teresa Smetzer, vice president of national security programs at Salesforce (NYSE: CRM), has said the adoption of artificial intelligence could help government agencies leverage large volumes of data, allow them to free up employees to focus more on mission-critical issues and accelerate the delivery of services to citizens.

Casey Coleman, senior vice president of global government solutions at Salesforce (NYSE: CRM) and a two-time Wash100 award winner, has said agencies should treat citizens as customers, empower employees and build strategic partnerships on the cloud to facilitate the delivery of government services and transform missions. She wrote that treating citizens as customers allows agencies to operate “outside-in” and helps them create a “coalition of yes” or an environment that encourages citizens to be more involved.

A new Wells Fargo Securities report offers analysts' views on Leidos' (NYSE: LDOS) move to buy the security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for $1B as well as Science Applications International Corp.'s (NYSE: SAIC) plan to acquire the federal unit of Unisys (NYSE: UIS) for $1.2B.

Reston, Va.-based contractor Science Applications International Corp. (NYSE: SAIC) has agreed to buy Unisys' (NYSE: UIS) federal arm for approximately $1.2B cash in a push to expand digital transformation technology and support offerings for the U.S. government. Nazzic Keene, CEO of SAIC and three-time Wash100 inductee, said the company aims to become a leading digitial transformation services provider to federal agencies through the acquisition.

Bluestone Investment Partners has made an investment in Intrepid Solutions and Services, a Sterling, Va.-based provider of enterprise information technology, operational training and data analysis support to intelligence community clients.

Affiliates of private equity firms Lindsay Goldberg and American Securities have agreed to acquire AECOM’s (NYSE: ACM) management services business for $2.4B.

Blue Delta Capital Partners raised $150M for its new fund within four months, exceeding its initial target of $125M.

Ed Caso and Justin Donati, both analysts at Wells Fargo Securities, reported that government services providers are increasingly taking note of potential revenue opportunities in the space domain.

The board of directors at AECOM has approved the company’s plan to separate its management services business as a new publicly traded company that will primarily serve national government clients. AECOM said Monday it expects to complete the spinoff in the second half of its 2020 fiscal year and retain John Vollmer, the segment’s president and a 2019 Wash100 winner,  along with the current management team in the leadership of the future independent company.