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Tag Archives: M&A Activity

ANSER Buys Federal R&D Consortia Manager ATI from SCRA

Analytic Services has purchased Advanced Technology International from South Carolina-based applied research corporation SCRA for an undisclosed sum in an effort to expand ANSER’s U.S. presence and advance its public service mission through the integration of ATI’s research and development capabilities. ANSER will add approximately 165 employees to its workforce and …

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Millstein & Co. Buys PRA Group’s Government Service Businesses for $91.5M

New York-based financial services firm Millstein & Co. has purchased four government service businesses from Norfolk, Virginia-based debt buyer PRA Group (Nasdaq: PRAA) for $91.5 million cash. Millstein said Thursday it will operate Broussard Partners, eGov Systems, MuniServices and Revenue Discovery Systems through its newly formed entity – Government Revenue …

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Octo Consulting Buys Aquilent’s SeaPort-e Business Unit

Octo Consulting Group has purchased the SeaPort-e business unit from Laurel, Maryland-based federal digital and cloud services provider Aquilent for an undisclosed sum. Octo said Wednesday it assumed the support contract for the SeaPort-e electronic platform with the U.S. Navy before Booz Allen Hamilton (NYSE: BAH) completed the acquisition of Aquilent. …

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LinkedIn’s Kevin Scott Named Microsoft CTO

Kevin Scott, senior vice president of infrastructure at business social networking company LinkedIn, has been named chief technology officer at Microsoft (Nasdaq: MSFT). Scott will report directly to Microsoft CEO Satya Nadella as a member of the senior leadership team and will oversee “strategic, cross-company initiatives, ” Microsoft said Tuesday. …

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Booz Allen Completes Aquilent Purchase to Expand Digital Footprint

Booz Allen Hamilton (NYSE: BAH) has concluded its acquisition of Aquilent, also known as eGov Holdings, as part of efforts to grow digital service offerings for the federal sector. Both companies first announced the $250 million deal in November and Booz Allen said Tuesday it estimates that Laurel, Maryland-based Aquilent will contribute nearly $20 million to fiscal …

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Polaris Alpha Targets Cyber, SIGINT Market Expansion Through Intelesys Buy

Polaris Alpha, a portfolio company of investment firm Arlington Capital Partners, has bought cyber, network and software engineering services provider Intelesys for an undisclosed sum in a push to expand presence in the cyber and signals intelligence market. Elkridge, Maryland-based Intelesys works with intelligence community customers to help them fulfill mission critical cyber operations …

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Diffeo Buys Cloud Search Tech Developer Meta Search

Cambridge, Massachusetts-based knowledge discovery firm Diffeo has purchased Boston-based startup Meta Search for an undisclosed sum as part of efforts to expand search and discovery technology offerings. Diffeo said Tuesday it also renamed Meta Search’s platform to Diffeo Cloud Search as part of the acquisition. “Diffeo’s customers in government, financial services …

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Engility Sells USAID Business to Research Triangle Institute

Engility Corp. (NYSE: EGL) has sold its international development services business to North Carolina-based nonprofit organization Research Triangle Institute International for $24 million as part of the former’s efforts to pay down debt and reshape its portfolio. Chantilly, Virginia-headquartered Engility said in a Monday regulatory filing it expects to record a $20 million-$30 million …

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LLR Partners Buys Automation & Cyber Hunting Unit ‘BluVector’ From Northrop

Philadelphia-based private equity firm LLR Partners has purchased an automated threat detection and cyber hunting technology business unit from Northrop Grumman (NYSE: NOC) for an undisclosed sum to grow a commercial market footprint for machine learning-based tools. LLR said Monday it has committed $50 million in financing to support both the transaction and efforts to …

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McKesson, Change Healthcare to Run Combined Health IT Firm Under ‘Change Healthcare’ Brand

McKesson (NYSE: MCK) and Change Healthcare Holdings will name their new healthcare information technology firm Change Healthcare in an effort to reflect the merger of McKesson’s technology solutions business with the Nashville, Tennessee-based software and analytics provider. Change Healthcare will adopt a new logo and visual identity and will offer …

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