Combining Hewlett-Packard Co. and Compaq Computer Corp. product lines is allowing the new HP to offer more complete IT solutions, according to company officials.
Veridian Corp.'s stock closed June 5 at $18.15 per share in its first day of trading on the New York Stock Exchange, up 13.44 percent from its initial public offering price of $16. The stock opened the day at $18. "We felt we had a very well-received offering and strong investor interest," said David Langstaff, president and chief executive officer, who rang the day's closing bell on the exchange.
Affiliated Computer Services Inc. has acquired Transaction Processing Specialists Inc, a software company specializing in electronic benefits transfer processing and reporting systems. Terms of the deal were not disclosed.
Dynamics Research Corp. of Andover, Mass., is acquiring privately held HJ Ford Associates Inc., a Washington-based provider of engineering and information technology services to the public sector.
KPMG Consulting Inc. signed a letter of intent to acquire the business consulting units of Andersen Worldwide's member firms. The letter of intent is an offer by KPMG Consulting of McLean, Va., to acquire as many as 23 independent consulting units of Andersen Worldwide of Chicago for up to $284 million.
The acquisition should be immediately accretive to the earnings of Engineered Support Systems, said Michael Shanahan Sr., chairman and chief executive officer.
SI International Inc. has become the latest in a growing line of government-focused IT companies looking to Wall Street. The company filed May 10 for a $75 million initial public offering of its stock. In its registration statement with the Securities and Exchange Commission, SI said its shares will trade on NASDAQ under the symbol "SIIT." Ray Oleson is the chief executive officer of SI.
