News & Events

Company Press Release
May 6, 2021

Peraton Completes Acquisition of Perspecta, Creating Leading Mission Capability Integrator and Transformative Enterprise IT Provider

Announces New Structure And Leadership To Maximize Impact As A $7B Company With 22,000 Employees Supporting Missions Of Consequence

HERNDON, VA — May 6, 2021 — Peraton today announced it has successfully completed its previously announced acquisition of Perspecta Inc., establishing the company as the world’s leading mission capability integrator and transformative enterprise IT provider.

The new Peraton has annual revenues of approximately $7 billion, a current backlog of approximately $24.4 billion, and a three-year qualified pipeline of $200 billion. The company employs 22,000 employees; 7,500 have a top-secret SCI clearance.More

Company Press Release
March 1, 2021

EPAM Announces Agreement to Acquire PolSource

NEWTOWN, PA., March. 1, 2021 – EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and development services, today announced its agreement to acquire PolSource—a Salesforce Platinum Partner with more than 350 experienced Salesforce specialists—to scale EPAM’s growing Salesforce capabilities and expansion into new markets. The proposed acquisition is expected to close at the beginning of EPAM’s fiscal second quarter, subject to required regulatory approvals and other customary closing conditions, at which time PolSource’s senior leadership team and hundreds of Salesforce experts will join forces with EPAM Systems More

Company Press Release
January 27, 2021

Veritas Capital to acquire Perspecta in all-cash transaction valued at $7.1 billion

Perspecta stockholders to receive $29.35 in cash per share
Veritas to combine Perspecta with affiliate Peraton to create a leading platform in government technology solutions

CHANTILLY, Va., Jan. 27, 2021 /PRNewswire/ — Perspecta Inc. (NYSE: PRSP) (“Perspecta” or the “Company”), a leading U.S. government services provider, today announced that it has entered into a definitive agreement under which it will be acquired by Peraton, a portfolio company of leading private investment firm Veritas Capital (“Veritas”), in an all-cash transaction valued at $7.1 billion.More

Company Press Release
January 11, 2021

Ness Announces Divestment of Linium

TEANECK, N.J.–(BUSINESS WIRE)–Ness, a global provider of digital transformation solutions and portfolio company of The Rohatyn Group (TRG), announced today that it has signed an agreement to sell Linium, a ServiceNow platform focused services provider that operated as a business unit of Ness, to Cognizant.More

Company Press Release
May 18, 2020

Cognosante Acquires IT Solutions Contractor Enterprise Information Services

FALLS CHURCH, Va., May 18, 2020 – Cognosante is pleased to announce its acquisition of Enterprise Information Services, LLC (EIS) of Vienna, VA.

The acquisition of EIS is the latest accomplishment in Cognosante’s growth strategy continuing to expand its Federal market offering and strengthening its portfolio of contract vehicles. “EIS’ proven success in enterprise services, biometrics and cyber security provides expanded capabilities to offer to our existing customers, while bringing an exciting collection of new customers and relationships,” said Cognosante’s Founder and CEO, Michele Kang.More

Company Press Release
May 1, 2020

Perspecta completes acquisition of DHPC Technologies to combine market leadership in cybersecurity with proven technology in electronic warfare

Chantilly, Va.— May 1, 2020—Perspecta Inc. (NYSE: PRSP), a leading U.S. government
services provider, announced today that it has completed the acquisition of DHPC Technologies (DHPC), a niche developer of innovative electronic warfare (EW) technologies with market leading technical solutions and a solid, proven reputation with Army customers. More

Company Press Release
April 1, 2020

Sierra7 Completes Purchase of all Major Assets of HMS Technologies

FALLS CHURCH, VA – April 1, 2020. Sierra7, Inc. has completed an asset purchase agreement with HMS Technologies, Inc. (HMS) of Martinsburg, WV. Under the agreement HMS assets that novated to Sierra7 include the VA T4NG IDIQ, GSA VETS2 GWAC, NIH CIO-SP3 GWAC, NASA SEWP GWAC, all active task orders under these vehicles, as well as various other active contracts. All sales functions and services delivery of HMS have been integrated into Sierra7 corporate operations. More

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