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Tag Archives: M&A Activity

Andrew Teich to Retire as FLIR Systems President, CEO

Andrew Teich, president and CEO of FLIR Systems (Nasdaq: FLIR), plans to retire from his roles after an 18-year career at the Wilsonville, Oregon-based thermal imaging camera manufacturer. FLIR said Tuesday Teich, also a member of the firm’s board of directors, will continue to remain in service until the board finds …

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Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

The company set to be formed by the merger of Computer Sciences Corp. (NYSE: CSC) and the enterprise services segment of Hewlett Packard Enterprise (NYSE: HPE) will operate under the “DXC Technology” name upon the deal’s scheduled April 3 closure. CSC said Wednesday the future company will list on the New York …

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CSC, CSRA Amend Non-Compete Agreement in Public Sector Market

Computer Sciences Corp. (NYSE: CSC) has amended its non-competition pact with CSRA (NYSE: CSRA) ahead of an impending merger between CSC and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment, CRN reported Monday. Michael Novinson writes the modified agreement will ease limits on CSC’s participation in the federal, state and local government markets …

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Granicus Names Mark Hynes CEO After GovDelivery Merger

Mark Hynes, formerly chief strategy and development officer at Altisource Portfolio Solutions (NASDAQ: ASPS), has joined cloud software platforms provider Granicus as CEO. His appointment comes after Granicus merged with cloud-based communications software provider GovDelivery, Granicus said Monday. Hynes succeeded former Granicus CEO Jason Fletcher, who was appointed chief operating …

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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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