Accenture to Buy Sierra-Cedar’s Three Practices to Expand Offerings for Higher Education, Gov’t Clients; Ryan Gaetz Quoted
Accenture (NYSE: ACN) has agreed to acquire Sierra-Cedar’s Workday, U.S. Mulesoft and Salesforce practices for an undisclosed sum in a push to expand its offerings to government and higher education organizations seeking to update their core operations and software for finance, accounting, human resources and student services.
Read More »
Arvind Krishna, senior vice president for cloud and cognitive software at IBM (NYSE: IBM), has been elected to serve as CEO and board member of the company, effective April 6. The board of directors also elected James “Jim” Whitehurst, an SVP at IBM and CEO of Red Hat, to serve as president of IBM.Read More »
Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunity set that is emerging in the secure wireless communications market,” said Fred Kornberg, board chairman and CEO of Comtech.Read More »
Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interest rates to also drive acquisition and divestiture efforts.Read More »
ASGN (NYSE: ASGN) has closed its acquisition of Blackstone Technology Group’s federal division for $85M in cash. ASGN said Monday it will integrate Arlington, Va.-based Blackstone Federal into ECS’ enterprise solutions group focused on providing digital platforms to federal civilian clients.Read More »