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Tag Archives: M&A Activity

SOS International Purchases IC Contractor New World Solutions; Julian Setian Comments

SOS International has purchased defense and intelligence community contractor New World Solutions in an effort to expand its footprint within IC and boost its technology platforms that work to support intelligence, surveillance, reconnaissance and cybersecurity missions. SOSi said Friday it will operate New World Solutions as a subsidiary and within its intelligence …

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Military Vet Recruiter Orion Buys Novotus; Mike Starich Comments

Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as president and aims …

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Denis Cashman Appointed EMC CFO; Zane Rowe Named CFO at VMware

Denis Cashman, chief accounting officer at EMC (NYSE: EMC) and chief financial officer of the firm’s information infrastructure business, has been appointed corporate CFO at the company. Cashman, a 28-year finance veteran at EMC, will succeed the departing CFO Zane Rowe on March 1 and will oversee all financial operations …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Rockwell Collins Inks Deal to Purchase Christie’s Matrix Projector Line

Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems’ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients. The deal covers Christie’s Matrix SIM and Matrix StIM projectors and other software tools and is …

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PwC Buys Praxism to Grow Cyber Services Portfolio

PwC has acquired Scotland-based consulting firm Praxism for an undisclosed sum as the companies seek to help organizations secure data through identity and access management strategies. Colin Slater, digital and cyber partner at PwC’s Scottish arm, said in a statement published  Monday the acquisition is part of a push to expand the company’s presence …

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David DeWalt: FireEye Makes Cyber Threat Intell Push Through $200M iSIGHT Buy

FireEye (Nasdaq: FEYE) has bought security threat intelligence company iSIGHT Partners for $200 million cash in a bid to help enterprise clients detect and respond to sophisticated cyber attacks. Former iSIGHT shareholders are eligible to receive an additional $75 million in cash and stock if the business meets the target …

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Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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Investment Firm Platinum Equity Inks Deal to Buy PAE

Los Angeles-based investment firm Platinum Equity has agreed to purchase Arlington, Va.-based government services contractor PAE from New York City-headquartered private equity firm Lindsay Goldberg for an undisclosed sum in a deal the parties expect to close by February 2016, the companies said Monday. Lindsay Goldberg purchased PAE for $350 …

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Economic Times: Tata Consultancy Services Resumes Talks Over Acquisition of Dell’s IT Business

Tata Consultancy Services, an India-based information technology consulting firm, has resumed negotiations over its plans to acquire IT services provider Perot Systems from Dell, The Economic Times reported Monday. Anirban Sen and Jochelle Mendonca write Dell plans to sell Perot Systems for approximately $5 billion and has secured offers from …

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