Tag Archives: merger

Dell EMC’s Rohit Ghai to Join RSA as President

Rohit Ghai, president of Dell EMC’s enterprise content division, has been appointed president of Dell Technologies’ (NYSE: DVMT) RSA subsidiary. He will succeed Amit Yoran, who was named chairman and CEO of Tenable Network Security in December. Ghai will oversee the delivery of RSA’s security platforms that work to help customers manage …

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McKesson, Change Healthcare to Run Combined Health IT Firm Under ‘Change Healthcare’ Brand

McKesson (NYSE: MCK) and Change Healthcare Holdings will name their new healthcare information technology firm Change Healthcare in an effort to reflect the merger of McKesson’s technology solutions business with the Nashville, Tennessee-based software and analytics provider. Change Healthcare will adopt a new logo and visual identity and will offer …

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Booz Allen’s Greg Wenzel Details Engineering, Digital Services Push Through Aquilent Buy

Booz Allen Hamilton‘s (NYSE: BAH) pending $250 million purchase of Laurel, Maryland-based cloud computing and digital services contractor Aquilent represents a selective entry into the GovCon acquisition landscape for a firm as it has made five purchases. McLean, Virginia-based Booz Allen largely sat out of last year’s large deal activity that reshaped the government technology services sector …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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Australia’s Defense Dept Awards $419M Contract to Leidos Subsidiary for IT Products, Services

Leidos‘ (NYSE: LDOS) Abacus Innovations Australia subsidiary has secured an estimated $418.7 contract from Australia’s defense department to provide computer equipment and accessories as well as centralized processing services to the country’s chief information officer group, ARN reported Friday. Leon Spencer writes the award runs through 2023 and follows an approximately $610 million deal that Lockheed Martin‘s (NYSE: …

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Leidos Adds 3 New Board Members; Roger Krone Comments

TYSONS CORNER, VA, Aug. 19, 2016 — Leidos (NYSE: LDOS) has added Gregory Dahlberg, Surya Mohapatra and Susan Stalnecker to its board of directors as the company closes its $5 billion merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions segment, GovCon Executive reported Wednesday. The appointments bring Leidos’ …

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Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country’s defense and security of its citizens. Krone made the comment in response to a question on …

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Leidos Views Doubled Scale in Lockheed IS&GS Merger as Buffer to Agency Spending Shifts

Leidos Holdings‘ (NYSE: LDOS) impending merger with the information systems and global solutions segment of Lockheed Martin (NYSE: LMT) seeks to both diversify customer mix and lower risk to potential spending downturns in fewer market areas for the future combined company, Leidos CEO Roger Krone told investors at the New York Stock Exchange Monday. Reston, Virginia-based Leidos expects 2017 …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Joe Ayers: Future CSC-HPE Enterprise Services Combination Eyes Systems Integration Sector

TYSONS CORNER, VA, July 28, 2016 — Joe Ayers, vice president of Hewlett Packard Enterprise‘s (NYSE: HPE) federal enterprise group, has said the future merger between HPE’s enterprise services segment and Computer Sciences Corp. will create a large information technology services company that works to support the systems integration community. He told …

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