Tag Archives: merger

Octo, Sevatec Merge to Create Federal IT Modernization Support Provider; Mehul Sanghani Quoted

Mehul Sanghani CEO Octo

Octo, a Reston, Virginia-based government information technology services provider, and software development company Sevatec have merged to form a combined organization that will provide tech platforms and services to help federal government clients address complex IT challenges. Mehul Sanghani, founder and CEO of Octo, said the transaction creates a “pure-play” modernization and platforms provider in support of the federal government and its missions.

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Drone Aviation Merges With 5G Wireless Tech Consortium ComSovereign; Dan Hodges Quoted

Drone Aviation and ComSovereign, a U.S.-based consortium of businesses involved in 5G telecommunications radio, power systems and silicon photonics, have completed their merger for an undisclosed sum. The newly combined company will operate as ComSovereign Holding and will focus on providing wireless carrier customers with 5G/NR connectivity and carrier backhaul capability for fixed infrastructure and mobile aerial communications platforms, Drone Aviation said Wednesday.

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Virgin Galactic Set to Go Public After Closing of SCH Merger Transaction

Virgin Galactic and Social Capital Hedosophia are set to close the two firms' merger deal Friday and launch the first publicly traded space tourism company, CNBC reported Thursday. The report said Virgin Galactic could start to trade on the New York Stock Exchange by Monday under the ticker symbol "SPCE."

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Guidehouse Wraps Up Navigant Purchase; Scott McIntyre Quoted

Guidehouse, a management consultancy backed by Veritas Capital, has closed its purchase of Navigant Consulting to broaden work in both the government and commercial sectors. "Together we will serve our clients with distinction around the world, helping them address their most difficult challenges," said Scott McIntyre, CEO of Guidehouse and a 2019 Wash100 awardee.

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Raytheon, UTC Shareholders OK All-Stock Merger Deal; Thomas Kennedy, Greg Hayes Quoted

Stockholders at Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) approved at their respective meetings the companies’ agreement to merge in an all-stock transaction and create a technology provider that will be known as Raytheon Technologies.

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