The consolidation trend is alive and well in the federal information technology industry. General Dynamics Corp.'s agreement to acquire Veridian Corp. for $35 per share in cash, or $1.5 billion including debt, certainly got the attention of industry, as well as investors.
Oracle Corp. this morning upped its all-cash offer for PeopleSoft Inc. by $3.50 a share, the latest twist in a hostile takeover bid by the database software giant.
General Dynamics Corp.'s plan to acquire Veridian Corp. will provide an immediate benefit to the company's information technology operation, says the executive charged with handling the $1.5 billion deal.
Four days after application software provider PeopleSoft signed a $1.7 billion deal to buy J.D. Edwards & Co., an even bigger fish announced this morning it wants to swallow PeopleSoft.
Four days after application software provider PeopleSoft signed a $1.7 billion deal to buy J.D. Edwards & Co., an even bigger fish announced this morning it wants to gobble up PeopleSoft.
Deloitte Consulting has operated quietly in the federal marketplace for three years, while amassing the bulk of its government work in the state and local arena. A high-profile e-government job with the Transportation Security Administration, however, could put a spotlight on its federal business.
One of five government contractors was involved in an acquisition over the preceding 18 months, according to a survey by consulting firm Grant Thornton LLP, Chicago.
Lou Ray, president and chief executive officer of MATCOM International Corp. in Alexandria, Va., said he's paying a lot more attention to partnering with large contractors than he used to.
