CALIBRE Systems, Inc. announced that it has acquired the Health & Life Science and Defense & Public Sector groups of Information Management Consultants (IMC). The acquired business will become the new CALIBRE Information Management Consulting Division, one of CALIBRE's five operating divisions, and will be led by Ms. Dorisa Harris. KippsDeSanto & Co. represented IMC in the transaction. Deal terms were not disclosed.
Accenture announced that it has acquired FusionX, a DC-based cybersecurity firm focused on providing cyber attack simulation, threat modeling, cyber investigations, and security risk advisory services. The company was founded in 2010 and serves Fortune 100 companies in financial services, critical infrastructure, technology, government, and manufacturing. According to Accenture's press release, the acquisition " further strengthen Accenture’s Security practice and help clients accurately assess their ability to protect against, detect and, where necessary, respond to sophisticated and sustained cyber attacks."
Terms of the deal were not disclosed.
NICE Systems announced that it has agreed to sell its Physical Security business unit to investment firm Battery Ventures. The business unit provides video surveillance technologies and capabilities to various organizations. According to the company's press release, "This divestiture will allow NICE to focus on its key markets and enterprise software business as part of the execution of its long-term strategic plan."
The total deal consideration is $100 million comprised of $85 million in cash and up to an additional $15 million based on future performance. Based on the company's change in fiscal year 2015 guidance, the business unit is estimated to generate 2015 revenues of $71 million. The implied revenue multiple is 1.2x based on the up-front cash consideration and up to 1.4x based on the total consideration including the earnout.
The transaction is scheduled to close during the third quarter of 2015.
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