News & Events

CSRA Completes Separation from CSC, Will Begin Trading on The NYSE

Falls Church, VA, Nov. 30, 2015—CSRA Inc. (NYSE: CSRA) today announced that it has completed its separation from CSC (NYSE: CSC) and is now an independent public company trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “CSRA.” Additionally, CSRA completed its planned combination with SRA International, Inc. (SRA). This morning, members of the CSC and CSRA leadership teams will ring the NYSE Opening Bell® to mark the milestone More

CSC Finalizes Fruition Partners Acquisition

FALLS CHURCH, Va.–(BUSINESS WIRE)–Sep. 21, 2015– CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced it has closed the acquisition of Fruition Partners, the leading provider of technology-enabled solutions for the service-management sector and the largest ServiceNow-exclusive service-management consulting firm. The acquisition bolsters CSC’s ability 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 More

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

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

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

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

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.

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.