Home / Tag Archives: M&A Activity (page 61)

Tag Archives: M&A Activity

Oasis Buys MAR in Govt Services Market Push; Tom Colatosti Comments

Oasis Systems has bought professional services company MAR for an undisclosed amount as Oasis looks to expand its reach in the federal government and defense markets. Oasis said Tuesday the combined company will operate in 24 locations throughout the U.S. and work to deliver information technology, cybersecurity, systems engineering, marine operations …

Read More »

IAP Buys DRS’ Aviation, Tactical Comms Businesses; Doug Kitani Comments

IAP Worldwide Services has purchased the aviation and logistics,  and tactical communications and network solutions business units of DRS Technologies for an undisclosed sum. IAP said Wednesday it will combine the two acquired segments with its aviation and engineering solutions and national security programs units. Doug Kitani, CEO of IAP Worldwide Services, …

Read More »

CSC Sets Nov. 27 as NA Public Sector Spinoff Date, SRA Deal to Close Nov. 30

Computer Sciences Corp. (NYSE: CSC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has scheduled Nov. 27 as the date it expects to complete the spinoff of the company’s North American public sector business, CSC said Wednesday. The technology services company also has set Nov. 30 for the closure of …

Read More »

Carlyle Group Cuts Booz Allen Ownership Stake to 20%

Global investment firm Carlyle Group will reduce its ownership stake in consulting services provider Booz Allen Hamilton (NYSE: BAH) to 20 percent through a sale of 13 million shares to Credit Suisse for $388, 440, 000. Booz Allen said Tuesday the transaction is valued at $29.88 per share — the firm’s Tuesday …

Read More »

Lockheed Says Sikorsky Buy to Close Friday After China Clears Deal, All Regulatory Approvals Complete

China’s commerce ministry has cleared Lockheed Martin‘s (NYSE: LMT) estimated $9 billion purchase of the helicopter manufacturer Sikorsky Aircraft to mark the final regulatory approval required for the deal. Lockheed announced the review’s completion Tuesday and said it expects the transaction to close Nov. 6. The company needed approval from eight …

Read More »

Preferred Systems Solutions Buys GSM in Intell Market Expansion Push; Fred Funk Comments

Tysons Corner, Virginia-based government services contractor Preferred Systems Solutions has purchased software engineering company GSM Consulting for an undisclosed sum in a move PSS said aims to grow its footprint in the intelligence community. Leesburg-headquartered GSM was founded in 2008 and says its work for government agencies includes application development, analytics, cloud …

Read More »

Booz Allen Buys SPARC’s Software Development Services Business; Horacio Rozanski Comments

Booz Allen Hamilton (NYSE: BAH) has bought SPARC‘s software development services unit for an undisclosed amount in a push to help government customers address mission critical system challenges through agile methodology. The transaction is expected to be accretive on earnings and increase annual revenue of Booz Allen by $50 million during its …

Read More »

CRN: Raytheon Cyber JV Inks Deal for McAfee Firewall Businesses

A cybersecurity joint venture majority-owned by Raytheon (NYSE: RTN) has agreed to acquire the McAfee Firewall Enterprise and Next-Generation Firewall businesses from Intel’s (Nasdaq: INTC) security arm, CRN reported Tuesday. Raytheon|Websense CEO John McCormack told employees in a memo obtained by CRN the acquisition seeks to expand the venture’s security talent base and Triton security offering’s …

Read More »

WSJ: IBM Nears Deal to Acquire The Weather Company’s Digital Portfolio

IBM (NYSE: IBM) is close to finalizing an agreement to acquire The Weather Co.‘s digital and data assets from a Bain Capital–Blackstone–NBCUniversal consortium, The Wall Street Journal reported Tuesday. Suzanne Vranica and Robert McMillan write the companies could unveil the transaction as early as Wednesday and WSJ estimates the assets …

Read More »

Rob Salvagno: Cisco Seeks Analytics Portfolio Growth Through ParStream Acquisition

Cisco (Nasdaq: CSCO) has agreed to acquire Cologne, Germany-based data analytics technology developer ParStream as the companies aim to help enterprise clients manage data from connected systems. Rob Salvagno, vice president of corporate business development at Cisco, wrote in a blog post published Monday the company expects to complete the …

Read More »