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Tag Archives: M&A Activity

FireEye Buys Verodin in $250M Cash-and-Stock Deal; Kevin Mandia Quoted

FireEye (Nasdaq: FEYE) has acquired McLean, Va.-based cybersecurity instrumentation technology provider Verodin through a cash-and-stock transaction worth approximately $250M. “Verodin gives us the ability to automate security effectiveness testing using the sophisticated attacks we spend hundreds of thousands of hours responding to, and provides a systematic, quantifiable and continuous approach …

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Public Safety Software Provider CentralSquare Buys Tellus; Simon Angove Quoted

CentralSquare Technologies has purchased Tellus Safety Solutions for an undisclosed sum in a push to establish a single virtual network to facilitate communications for first responders and other public safety personnel across North America. CentralSquare said Wednesday it plans to create a common virtual system designed to connect disparate 911 …

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Serco Inc. Strikes $225M Deal for Alion’s Naval Business; Dave Dacquino, Craig Reed Quoted

Serco Group’s North American subsidiary has agreed to acquire the naval systems business unit of Alion Science and Technology for $225M in a push to expand its footprint in the naval modernization, sustainment and support services market. Serco Inc. said Thursday it expects the transaction to be finalized in the …

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Acendre Announces Acquisition of ICS Learning Group; Mike Giuffrida Quoted

Cloud-based talent management software provider Acendre has acquired ICS Learning Group for an undisclosed sum. “Acendre is dedicated to partnering with customers who have complex hiring and development processes that must be automated to compete for talent,” Acendre CEO Mike Giuffrida said in a statement published Monday. Giuffrida noted the transaction …

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HPE Strikes $1.3B Cash Deal for Cray; Antonio Neri, Peter Ungaro Quoted

Hewlett Packard Enterprise (NYSE: HPE) has agreed to acquire Cray (Nasdaq: CRAY) for approximately $1.3B in cash, or $35 per share, in a move to expand high-performance computing technology offerings. HPE said Friday it expects the deal to conclude by the first quarter of its fiscal year 2020 and to …

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By Light Buys Cyber Training Services Provider Metova Federal; Bob Donahue Quoted

By Light Professional IT Services has acquired cyber training services contractor Metova Federal for an undisclosed sum. “This acquisition will allow us to expand and diversify our cyber offering to better serve our customers,” Bob Donahue, CEO and founder of By Light, said in a statement published Friday. Cabot, Ark.-based Metova Federal provides …

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Martin Amen Joins Cubic’s Nuvotronics Business as Strategy, BD VP; Mike Twyman Quoted

Martin Amen, former senior director of secure network operations at Northrop Grumman (NYSE: NOC), has joined Cubic (NYSE: CUB) as vice president of strategy and business development for the Nuvotronics business. He will report to Mike Twyman, president of Cubic Mission Solutions, and help define and implement the growth strategy …

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Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

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Envistacom Adds Virtualization Platform With Fast Fit Technologies Acquisition

Envistacom has acquired Frederick, Md.-based virtualization technology provider Fast Fit Technologies in a move to offer virtualized communications waveform and data analytics applications to the Department of Defense. Atlanta-based Envistacom said Tuesday it aims to provide a common network infrastructure designed to host virtualized waveform applications that users can access …

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DOJ Concludes IBM-Red Hat Transaction Review

The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM). IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday …

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