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in M&A Activity, News

Booz Allen to Acquire Liberty IT Solutions for $725M; Baird’s John Song Comments

Booz Allen Hamilton announced Tuesday that it has entered into an agreement to acquire Liberty IT Solutions for $725 million in an effort to strengthen the former's digital solutions capabilities and improve the its ability to work with strategic industry partners to help clients adapt and transform. "Liberty IT has been extremely successful in helping to operationalize Salesforce within federal market so it’s not difficult to see why this transaction makes sense for Booz Allen,” said John Song, managing director at Baird, which serves as Liberty’s exclusive financial adviser.

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by Noah Chelednik May 4, 2021, 9:25 am
in Government Cloud, M&A Activity, News

CGI to Purchase Sense Corp. to Expand Digital, Cloud Capabilities; Tim Hurlebaus Quoted

CGI announced Tuesday its intent to acquire Sense Corp in an effort to increase the former's digital and cloud capabilities and further expand its presence in Austin, Dallas, Houston and St. Louis. The two companies signed an agreement to proceed with the acquisition, which is expected to be completed in early May.

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by Noah Chelednik April 28, 2021, 9:39 am
in M&A Activity, News, Wash100

SAIC to Acquire Koverse to Advance AI, Analytics Capabilities; Nazzic Keene Quoted

Science Applications International Corp. (SAIC) has entered into an agreement with Koverse to acquire the company in a move to expand SAIC’s software portfolio into full-stack AI with the ability to tackle the challenge of organizing structured and unstructured data from multiple sources. The terms of the acquisition have yet to be disclosed.

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by William McCormick April 26, 2021, 10:48 am
in M&A Activity, News

Maximus to Acquire Veterans Evaluation Services Parent for $1.4B; Bruce Caswell Quoted

Maximus has agreed to purchase Veterans Evaluation Services' (VES) parent company for $1.4 billion in support of its long-term corporate strategy for revenue growth and ongoing strategic priority of expanding footprint in the U.S. federal market. The acquisition, which is subject to U.S. antitrust filing requirements and customary closing conditions, is expected to close during Maximus' third fiscal quarter, the company said Wednesday.

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by Noah Chelednik April 21, 2021, 10:27 am
in M&A Activity, News

Report: Defense Tech Startup Anduril Eyes New Funding Round

Anduril Industries plans a new round of financing that would value the defense technology startup at approximately $4 billion to $5 billion. The Irvine, California-based startup is likely to use the proceeds to further expand development work on drones and other military equipment.

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by Jane Edwards April 13, 2021, 4:48 am
in M&A Activity, News

Raytheon CEO Greg Hayes Shares Insights on Defense Budget, M&A Activity

Greg Hayes, CEO of Raytheon Technologies, said the company has positioned its product portfolio to target the 2018 National Defense Strategy’s priorities as it anticipates a flat defense budget in the coming fiscal year, the Washington Business Journal reported Thursday.

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by Jane Edwards April 9, 2021, 1:20 am
in M&A Activity, News

Cubic Board OKs $3B Amended Acquisition Agreement With Veritas, Evergreen

Cubic Corporation announced on Wednesday it has accepted a proposal from Veritas Capital and Evergreen Coast Capital to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. By accepting the proposal, Cubic has entered into an amended agreement with Veritas and Evergreen. The all-cash transaction will be valued at approximately $3 billion.Â

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by Noah Chelednik March 31, 2021, 10:25 am
in Government Cloud, M&A Activity, News

Accenture to Purchase Cygni in Enhanced Cloud First Services Push; Karthik Narain Quoted

Accenture said Monday it has entered into an acquisition agreement with Cygni in an effort to enhance the global capabilities of Accenture Cloud First. Cygni is a cloud-native full-stack development firm that provides a broad range of information technology (IT) services. According to Accenture, the terms of the transaction have not been disclosed.Â

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by Noah Chelednik March 29, 2021, 10:17 am
in Government Technology, M&A Activity, News, Wash100

Tim Hurlebaus, President of CGI Federal, Receives Fourth Wash100 Award; Executive Mosaic CEO Jim Garrettson Quoted

Tim Hurlebaus, president of CGI Federal, has received his fourth Wash100 Award of his career and has secured his 2021 Wash100 Award for driving growth initiatives, expanding enterprise services and technology implementation at CGI Groupâ€™s federal services subsidiary.Â This marks the third consecutive year that Hurlebaus has received the most prestigious award in all of government contracting (GovCon).Â

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by William McCormick March 10, 2021, 3:31 am
in M&A Activity, News, Space News

David Ray Appointed SAIC SVP for Space Business; Michael LaRouche Quoted

Science Applications International Corp. has named David Ray, former president of FLIR Systems' government and defense business, as senior vice president for a newly formed space business organization that aims to support federal civilian, defense and intelligence customers.

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by Mary-Louise Hoffman March 9, 2021, 9:53 am
in M&A Activity, News

BAE Acquires Electronics Developer Pulse Power and Measurement

BAE Systems has acquired Pulse Power and Measurement (PPM), a developer and manufacturer of high-end electronics, in an effort to enable BAE to further advance its strategic objective to develop and grow its capabilities in secure systems and information exploitation. â€œPulse Power and Measurement Limited and BAE Systems are an excellent fit," said Ian Muldowney, COO and engineering director, BAE Systemsâ€™ Air Sector.

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by Sarah Sybert March 4, 2021, 11:13 am
in M&A Activity, News

Jacobs Completes Purchase of 65% Stake in PA Consulting; Steve Demetriou Quoted

Jacobs has completed a transaction with PA Consulting through which it secured a 65 percent stake in the U.K.-based management consulting company. The investment placed an enterprise value of $2.5 billion to PA Consulting and the move is expected to drive Jacobsâ€™ growth strategy as a leading technology-enabled solutions provider. The purchase was approved by PA employees and shareholders, with 99.9 percent voting in favor of the partnership.

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by Sarah Sybert March 3, 2021, 11:17 am