Symantec Corp. is strengthening its position in the government market with the planned purchase of three information security companies, announced by the company. The three acquisitions, which should be completed by mid-August, total approximately $355 million in cash.
CACI International Inc. of Arlington, Va., will acquire the government solutions division of Condor Technology Solutions Inc., the company announced July 10.
When PwC Consulting announced it would change its name to "Monday" following its spinoff from PricewaterhouseCoopers, reaction was, to say the least, pronounced. Even in an industry rife with unconventional company names ? think Accenture, Verizon and even Unisys ? PwC's decision raised eyebrows.
ManTech International Inc., Fairfax, Va., signed a definitive agreement to acquire Aegis Research Corp., a provider of enterprise protection strategies and technical services to the federal national security community.
Perot Systems Corp. of Plano, Texas, has formed a government services unit through the acquisition of government consulting and information technology service provider ADI Technology Corp., Alexandria, Va.
Northrop Grumman Corp. and TRW Inc. finally concluded their months-long face-off with an agreement to merge, the two companies announced July 1. "Today's acquisition adds the last critical node of space to our robust and well-diversified defense platform and systems capabilities that operate on the ground, at sea and in the air," said Kent Kresa, chairman and chief executive of Northrop Grumman.
KPMG Consulting Inc. announced it has signed a definitive agreement to hire approximately 140 partners and 1,400 professionals and staff members from the U.S. business consulting operation of Arthur Andersen LLP. KPMG Consulting, based in McLean, Va., said it will pay approximately $63 million to complete the transaction.
McDonald Bradley Inc., McLean, Va., has acquired Domain Technologies Inc. The terms of the deal between the two privately-held companies were not disclosed.
Covansys Corp., Farmington Hills, Mich., acquired PDA Software Services Inc. for about $16.5 million, expanding its IT outsourcing capabilities in the state market and the insurance industry.
Through its subsidiary, Analex Corp., Hadron Inc., Alexandria, Va., won a $163.7 million contract with NASA to provide engineering services for the Expendable Launch Vehicle Integrated Support program office at Kennedy Space Center in Florida.
Tier Technologies Inc., Walnut Creek, Calif., is acquiring Official Payments Corp. for $74.5 million in cash. Tier is paying $3 a share for the stock of Official Payments, Stamford, Conn. The deal is expected to close in August.
Veridian Corp., Arlington, Va., saw its shares rise more than 13 percent June 5, its first day of trading on the New York Stock Exchange, closing at $18.15 a share. The company's initial public offering price was $16.
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.
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.
