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Tag Archives: M&A Activity

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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Brad Clevenger: SolAero Aims to Complement Space Tech Portfolio with Vanguard Buy

Albuquerque, New Mexico-based satellite and spacecraft solar panel manufacturer SolAero Technologies has bought San Diego, California-based aerospace components producer Vanguard Space Technologies from Enlightenment Capital for an undisclosed sum. SolAero and Vanguard plan to combine their core offerings in an effort to create value for customers worldwide, SolAero CEO Brad Clevenger said in a statement released …

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ALATEC Eyes IT Services Expansion Through USi Purchase, Changes Name to Ignite

ALATEC has purchased Huntsville, Alabama-based information technology services provider USi for an undisclosed sum in an effort to expand its IT offerings for federal government and commercial clients. ALATEC, a service-disabled, veteran-owned small business in Huntsville, has also changed its name to Ignite as part of its corporate rebranding efforts, …

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Altamira Purchases Cyber Operations Contractor Prime Solutions for Intell Market, R&D Resource Expansion

McLean, Virginia-based Altamira Technologies has acquired cybersecurity services provider Prime Solutions for an undisclosed sum in a push to add new footprints in the intelligence community and resources for research-and-development initiatives. Altamira said Friday it also sought access to Prime Solutions’ employees that work in areas such as computer network operations and …

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Dell, EMC to Name Future Combined Firm ‘Dell Technologies’

Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete. “Our vision is a strategically aligned family of businesses that brings together customers’ entire infrastructure, from hardware to software to services, from the edge to the …

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JF Lehman Affiliate Completes Acquisition of API Technologies Under Estimated $111M Deal

An affiliate of New York-based J.F. Lehman & Co. has closed its acquisition of API Technologies (Nasdaq: ATNY) for approximately $111 million. Trading of API’s common stock on Nasdaq ceased Friday afternoon upon completion of the purchase and API shareholders will get a cash payment of $2 per share of common …

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Smiths Group to Buy Safran’s Morpho Detection Subsidiary for $710M

Smiths Group has agreed to purchase Safran’s Morpho Detection subsidiary in the U.S. and other detection-related operations for approximately $710 million. The companies said Thursday Newark, California-based Morpho Detection will join Smith Group’s detection segment that makes sensors and generated approximately $320 million in 2015 revenue. Morpho Detection builds systems to detect chemical, biological, …

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Mitel to Buy Polycom in $1.96B Cash-and-Stock Deal

Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a …

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DDC Targets Space Market Growth in Buy of Maxwell Technologies’ Microelectronics Unit

Data Device Corp. has agreed to acquire a Maxwell Technologies (NASDAQ: MXWL) subsidiary that manufactures microelectronic components for satellites and space vehicles. Vincent Buffa, DDC president and CEO, said in a statement published Tuesday acquiring Maxwell’s microelectronics business is part of DDC’s push to expand into markets that require radiation-hardened microelectronics. The business specializes in …

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Zachary Bookman: OpenGov Adds Open Data Mgmt Tools With Ontodia Buy

Redwood City, California-based financial intelligence analysis firm OpenGov has bought New York-based open data management company Ontodia for an undisclosed sum in a push to expand offerings for the public sector. Zachary Bookman, OpenGov co-founder and CEO, said Wednesday the companies aim to help transform “how governments analyze, share, compare and allocate public …

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