Tag Archives: Ramzi Musallam

Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing, subject to regulatory approvals and other customary closing conditions.

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Lt. Gen. Stephen Fogarty: Army Cyber Command Shifts to Information Advantage Approach Lt. Gen. Stephen Fogarty, who leads the U.S. Army’s Cyber Command (ARCYBER), said his group is shifting from a warfare-focused approach to one that prioritizes information advantage. Fogarty said at the …

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Eight Firms Win $1.2B in DLA Protective Gown Supply Contracts The Defense Logistics Agency has awarded eight companies one-year contracts worth potentially $1.2B combined to provide disposable gowns for the Strategic National Stockpile under the Department of Health and Human Services’ management. …

Veritas Capital has scheduled Oct. 1 as the date the private equity firm expects to complete its pending $5B cash acquisition of the U.S. state and local health and human services unit from DXC Technology (NYSE: DXC).

Mark Fallon, former CEO and president of environmental services provider Envirocon, has been appointed to succeed Michael Donnelly as CEO of Aptim in a move slated to take effect April 20.

Executive Mosaic is honored to introduce Ramzi Musallam, CEO and managing partner of Veritas Capital, as an inductee into the 2020 edition of the Wash100 for leading the New York City based investment firm to exceed its fundraising targets and further invest in technology-focused businesses.

Veritas Capital has agreed to buy DXC Technology’s (NYSE: DXC) U.S. state and local health and human services business for $5B in cash. The transaction is expected to be completed by December, subject to regulatory approvals, receipt of third-party consents and other customary closing conditions, DXC said Tuesday.

Executive Mosaic, the leading executive media and events company in the government contracting “GovCon” industry, announced the 2020 winners of the highly coveted and prestigious Wash100 Award. The full list of winners and more information about the award can be found on Wash100.com. 

Veritas Capital has generated $6.5B in capital commitments for its seventh fund in support of its strategy to invest in technology-focused companies that deliver products and services to government and commercial clients.

Guidehouse, a Veritas Capital portfolio company, has agreed to buy Navigant Consulting (NYSE: NCI) for approximately $1.1B in a move to create a global consultancy that will serve both the public and private sectors. Shareholders in Navigant will get a cash payment of $28 per share, a 16 percent premium over the Chicago-based company's Thursday closing stock price, Guidehouse said Friday.