News & Events

Company Press Release
August 31, 2015

CSC To Combine Government Services Unit With SRA Upon Separation From CSC; Combination Will Create Leading Pure-Play Government I.T. Business In The U.S.

CSC has entered into a definitive agreement to combine its government services unit, Computer Sciences Government Services (CSGov), with SRA upon the spin-off of that unit, plans for which were announced in May.

SRA is owned by a shareholder group led by Providence Equity Partners and SRA’s founder, Dr. Ernst Volgenau, as well as members of its management team. The transaction with SRA is targeted to close before the end of November 2015, upon the separation of CSC’s government services unit. That separation is intended to qualify as a tax-free transaction to CSC shareholders.More

Company Press Release
August 11, 2015

CSC to Acquire Fruition Partners, ServiceNow’s Largest Dedicated Global Integration Partner and Leading Cloud-Based Service Management Solutions Provider

CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced it has signed an agreement to acquire Fruition Partners, the leading provider of technology-enabled solutions for the service-management sector and the largest ServiceNow-exclusive service management consulting firm. The proposed acquisition will enable CSC to offer enterprise and emerging clients an expanded range of cloud-based service-management solutions to improve their business results through organizational efficiency and lower operating costs. ServiceNow is a CSC strategic alliance partner. More

Company Press Release
January 6, 2015

The Carlyle Group Acquires AxleTech International

Global alternative asset manager The Carlyle Group (NASDAQ: CG) has acquired AxleTech International, a global engineering and manufacturing company for off-highway and specialty vehicle drivetrain systems and components headquartered in Troy, Michigan, from General Dynamics Corporation. Terms of the transaction were not disclosed More

April 22, 2014

QinetiQ to sell US Services division for up to $215 mln

British defence technology firm QinetiQ agreed to sell its U.S. services division for up to $215 million, which it will use to help launch a share buyback and pay down debt. The former research arm of Britain’s Ministry of Defence said on Tuesday the sale to U.S. engineering group The SI Organization would allow QinetiQ to focus on its core British defence and products business and on expanding in cybersecurity.More

Company Press Release
April 14, 2014

Stone Key Group Announces Organizational Changes and Enhancements for Continued Long-Term Success

Stone Key Group today announced that effective immediately, Michael J. Urfirer will become the firm’s sole Chairman and Chief Executive Officer and Doni L. Fordyce, one of the Founding Partners of Stone Key Capital, will take on the additional responsibilities of President and Chief Operating Officer of Stone Key Group.  The leadership changes are part of the firm’s long-term strategic plan to ensure Stone Key’s continued growth.

Company Press Release
April 14, 2014

Stone Key Group Announces Management Change

Stone Key Group LLC, a private merchant bank focused on providing independent strategic and financial advisory services to, and making proprietary investments in, the Government and Commercial Technology sectors, today announced that Denis A. Bovin and Michael J. Urfirer, both Co-Chairman and Co-Chief Executive Officers of Stone Key Group, have agreed to amicably end their 20-year collaboration. Mr. Bovin has decided to leave Stone Key. Mr. Urfirer will become the firm’s sole Chairman and Chief Executive Officer.

Defense News
December 18, 2013

100 Most Influential People U.S. Defense

This year’s list focuses more on policy, budget and strategic issues, and less on personnel and veterans issues. More

Company Press Release
January 31, 2013

DigitalGlobe and GeoEye Complete Combination

DigitalGlobe, Inc. (NYSE: DGI) (“DigitalGlobe”) and GeoEye, Inc. (NASDAQ: GEOY) (“GeoEye”), today announced the completion of their combination, creating a global leader in earth imagery and geospatial analysis. The combined company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI. Based on the closing price of DigitalGlobe stock on January 30, 2013, the combined company has a market capitalization of $2.1 billion. More