ICF Consulting Group Inc. has acquired local consulting services firm Caliber Associates, a provider of IT consulting services to the federal government.
McNeil Technologies Inc. closed a pair of deals last week, one for a government contractor and a second for the government contracts held by another company.
FileNet Corp. signed an agreement to acquire Yaletown Technology Group Inc., a provider of content compliance software, in an all-cash transaction valued at about $11 million.
Oracle Corp. is expanding its customer relationship management capabilities with its agreement to buy Siebel Systems Inc. of San Mateo, Calif., for $5.85 billion.
DRS Technologies Inc. has signed a definitive agreement to acquire Engineered Support Systems Inc. for nearly $2 billion in a cash and stock deal, the company said today.
CompuDyne-Public Safety and Justice Inc., a subsidiary of CompuDyne Corp., has acquired Xanalys Corp., a provider of crime-solving and data-sharing tools.
Analysts say Oracle Corp.'s agreement to buy customer relationship management provider Siebel Systems Inc. is likely a sign of Oracle's desire to increase its footprint in the federal IT market.
The federal IT services industry has seen a lot of merger and acquisition activity, and I expect it will continue. Several factors are driving this activity: the industry's size, its high degree of fragmentation with no truly dominant players, relatively low total-market growth, good access to capital and strong free cash flow.
Merger and acquisition experts are hailing Science Applications International Corp.'s decision to shed its employee-ownership model and conduct an initial public offering in 2006.
Lockheed Martin Corp. has entered into a definitive agreement to buy remote sensing systems maker Coherent Technologies Inc. for an undisclosed amount.
