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Tag Archives: M&A Activity

AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

AMERICAN SYSTEMS has agreed to acquire SAIC Inc.’s (NYSE: SAI) testing and evaluation unit and expects to close the transaction by mid-October, AMERICAN SYSTEMS announced Thursday. SAIC announced last week it plans to complete a split into two independent, publicly-traded companies by the second half of fiscal year 2014. Close to 300 …

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GeoEye CEO Matt O’Connell: Budget Uncertainty Led to DigitalGlobe Merger

GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted by uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal. In an interview with reporter Jill Aitoro, O’Connell estimated the 10-year, $3.8 billion …

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August Brings IT Firm Buys, News of a Future Split

Acquisitions in August were mostly about information technology firms with five purchases aimed at bolstering IT operations for the new parent companies. However, the biggest news came from SAIC (NYSE: SAI) as it bought a commercial healthcare IT firm and announced a future split into two separate publicly-traded companies. Here …

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SAIC Plans to Split Into Two Companies; Jumper, Shea Comment

The board of directors at SAIC Inc. (NYSE: SAI) has given management approval to formulate a plan to split SAIC into two independent, publicly traded companies. In its announcement, SAIC said it intends for one company to focus on government technical services and enterprise information technology. The other will focus …

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General Dynamics Completes Fidelis Buy; Lou Von Thaer Comments

General Dynamics (NYSE: GD) has completed its acquisition of Fidelis Security Systems, a provider of cybersecurity tools for real-time network visibility, analysis and control. General Dynamics said Fidelis will become a part of its advanced information systems unit and did not disclose the value of the cash transaction. Lou Von …

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John Jolly: General Dynamics Fidelis Buy Adds Cyber Visibility Products

Advanced persistent threats — groups that consistently attack one entity — require constant visibility from an enterprise perspective, General Dynamics‘ (NYSE: GD) cyber division lead said Monday. John Jolly, vice president and general manager of that division, told GovCon Wire the company purchased Fidelis Security Systems to complement its existing …

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General Dynamics to Buy Cyber Visibility Firm Fidelis; John Jolly Comments

General Dynamics (NYSE: GD) has agreed to acquire cybersecurity analysis and visibility provider Fidelis Security Systems for an undisclosed amount of cash, General Dynamics announced Monday. General Dynamics expects to complete the transaction during the third quarter of 2012 and will integrate Fidelis into its advanced information systems business unit. …

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CGI Names George Schindler to Global Ops Leadership Team, Completes Logica Buy

CGI Group Inc. (NYSE: GIB) has appointed George Schindler, president of U.S. operations, to the leadership team of the company’s new global operations organization. The company said Schindler and six other appointees will report to President and CEO Michael Roach (click over to GovCon Executive to see a full rundown …

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SAIC Completes $473M Health IT Consultant Buy; Joe Craver Comments

SAIC Inc. has completed its $473 million acquisition of healthcare information technology consulting firm maxIT Healthcare Holdings Inc., SAIC announced Monday. SAIC announced in July it agreed to buy the Westfield, Ind.-based firm, saying it planned to pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain …

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Report: IBM Interest In Blackberry Maker’s Enterprise Unit

IBM Corp. (NYSE: IBM) has informally approached Research in Motion, maker of the Blackberry phone, about potentially acquiring RIM’s enterprise services unit, according to a Bloomberg report. Citing Berenberg Bank, the article says that business may be worth between $1.5 billion and $2.5 billion depending on which assets are included. …

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