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Tag Archives: M&A Activity

William Brown: Harris Closes ‘Transformative’ $4.75B Buy of Exelis

Harris Corp. (NYSE: HRS) has closed its $4.75 billion cash-and-stock acquisition of Exelis nearly three months after the companies announced the transaction, which sees Harris shareholders own 85 percent and Exelis shareholders hold 15 percent in the combined company. “The Exelis acquisition is transformative… and marks a major milestone in Harris’ …

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EMC Signs $1.2B Cash Deal to Buy Virtustream

EMC (NYSE: EMC) has agreed to purchase Virtustream for approximately $1.2 billion cash in a bid to help enterprise clients migrate to cloud-based information technology systems. The companies expect to close the transaction in the third quarter of 2015 and Virtustream, led by Rodney Rogers, will operate as a managed …

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing …

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Report: UTC in Talks With Potential Sikorsky Buyers

United Technologies Corp. (NYSE: UTX) has begun discussions with other companies about a potential sale of UTC’s Sikorsky Aircraft subsidiary, the Wall Street Journal reported Tuesday. Citing several sources, Dana Mattioli and Ted Mann write that Airbus Group, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are considering making offers …

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Justin Lanning: Xerox Seeks Health IT Business Growth Through HCI Purchase

Xerox (NYSE: XRX) has acquired healthcare information technology software-as-a-service company Healthy Communities Institute for an undisclosed amount. The companies seek to integrate HCI’s cloud-based SaaS platform and an analytics technology from Xerox’s healthcare subsidiary Midas+, Xerox said Monday. Justin Lanning, senior vice president and managing director of Midas+, said the …

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Liam Walsh: KPMG Wraps Up Beacon Purchase

KPMG LLP has closed its purchase of Beacon Partners to add clinical management and technology consulting offerings to KPMG’s healthcare advisory services portfolio. “We seek to provide our clients with additional expertise in electronic health records implementation and optimization services, ” Liam Walsh, KPMG’s U.S. advisory industry leader for the …

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Peter George: Fidelis Acquires Resolution1 to Expand Cybersecurity Portfolio

Fidelis Cybersecurity has bought Resolution1 Security for an undisclosed sum in a bid to offer customers a unified platform to address network and endpoint threats. The companies aim to integrate Resolution1’s security incident analysis and automated response technology with the Fidelis XPS threat prevention and detection platform, Fidelis said Tuesday. …

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Abry Buys Program Mgmt Software Firm Compusearch; Reid Jackson Comments

Boston-based investment firm Abry Partners has purchased acquisition and program management technology provider Compusearch from an Arlington Capital Partners–JMI Equity alliance for an undisclosed sum. Abry aims to help build up Compusearch’s portfolio of software products designed to address government contract transparency and compliance issues, Compusearch CEO Reid Jackson said Friday. SunTrust …

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Constellis, Olive Group to Merge in Security Business Strategy

Constellis Group has agreed to merge with Olive Group in a bid to grow both companies’ risk management, security and managed support service offerings in the global commercial market. Olive Group employs approximately 5, 000 workers in 20 countries and will be integrated into Constellis’ family of companies once the …

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QTS to Purchase Cloud Contractor Carpathia for $326M; Peter Weber Comments

Overland Park, Kan.-based data center operator QTS Realty Trust (NYSE: QTS) has agreed to acquire Dulles, Va.-headquartered cloud computing provider Carpathia Hosting for $326 million in an effort to grow both companies’ colocation and managed services market footprints. QTS said Thursday it expects to close the deal sometime in the middle of 2015 and the …

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