News & Events

Company Press Release
August 01, 2019

Perspecta Completes Acquisiton of Knight Point Systems

Chantilly, Va.— Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has completed the acquisition of Knight Point Systems, LLC (Knight Point) for a purchase price of $250 million, subject to customary purchase price adjustments, which represents a single-digit multiple on forward-12-months earnings before interest, taxes, depreciation and amortization (EBITDA). The transaction is expected to be accretive to fiscal year 2020 adjusted earnings per share excluding one-time transaction costs.More

Company Press Release
June 5, 2019

Wipro to acquire International TechneGroup Incorporated (ITI), a global interoperability solutions company

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.More

Company Press Release
April 29, 2019

Comtech Telecommunications Corp. Awarded Contract In Excess of $100.0 Million and Acquires Next Generation 911 Business

Comtech Telecommunications Corp. (“Comtech”) (Nasdaq: CMTL), announced today that during its third quarter of fiscal 2019, it was awarded a five-year contract valued in excess of $100.0 million to develop, implement and operate a Comtech Next-Generation 911 emergency communications system for a Northeastern State. More

Company Press Release
April 01, 2019

NTT Data Services to Acquire State Healthcare Consulting Practice from Cognosante

NTT Data Services, a recognized leader in global technology services, today announced it has acquired Cognosante Consulting, LLC, the consulting division of Cognosante, a leader in health information technology solutions and services for federal and state health agencies. More

Company Press Release
January 14, 2019

SAIC Completes Acquisition of Engility Holdings, Inc.

RESTON, Va. & CHANTILLY, Va.–(BUSINESS WIRE)–Science Applications International Corp. (NYSE: SAIC) today announced the successful completion of its merger with Engility Holdings, Inc. (NYSE: EGL). The merger was previously approved by SAIC and Engility stockholders at special meetings held on Jan. 11, 2019. Under the terms of the merger agreement, Engility became a wholly-owned subsidiary of SAIC. More

Company Press Release
October 09, 2018

MAXIMUS Signs Definitive Agreement to Acquire U.S. Federal Citizens Engagement Centers for $400 Million in Cash

MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced today that it has signed a definitive asset purchase agreement to acquire certain assets of General Dynamics Information Technology’s large-scale, citizen-engagement centers in the U.S. Federal civilian market. The acquisition is expected to strengthen MAXIMUS position in the administration of federal government programs across the United States. The $400 million all cash transaction is expected to close in mid-November and is subject to customary closing conditions. More

Company Press Release
September 10, 2018

SAIC to Acquire Engility Uniting Two Leading Technology Integrators

RESTON, Va. & CHANTILLY, Va.–(BUSINESS WIRE)–Science Applications International Corp. (NYSE: SAIC) and Engility Holdings Inc., (NYSE: EGL) today announced that they have entered into a definitive agreement under which SAIC will acquire Engility in an all-stock transaction valued at $2.5 billion ($2.25 billion net of the present value of tax assets), creating the second largest independent technology integrator in government services with $6.5 billion of pro-forma last 12 months’ revenue. More

Company Press Release
June 1, 2018

DXC Technology Completes Separation of U.S. Public Sector Business, Combining with Vencore and KeyPoint to Form Perspecta

Tysons, VA, June 1, 2018—DXC Technology (NYSE: DXC) has completed the separation of its U.S. Public Sector (USPS) business and combination with Vencore Holding Corp. and KeyPoint Government Solutions to form Perspecta, an independent public company that begins trading today on the New York Stock Exchange under the ticker symbol “PRSP.” More