Cognosante announced that it has acquired Business Information Technology Solutions (BITS), a provider of IT services and solutions to the VA and DoD. BITS is a prime contract holder on the VA's $22.3 billion Transformation Twenty-One Total Technology Next Generation (T4NG) vehicle. and has specific expertise in healthcare systems, enterprise business systems, business intelligence, and data analytics in the public health sector. Deal terms were not disclosed.
Cybersecurity provider Nehemiah Security announced that it has acquired Triumfant, a provider of anomaly detection software. Triumfant's flagship product is AtomicEye which automatically detects and remediates stealthy exploits and obfuscated malware.
According to the press release: "AtomicEye’s intelligent platform is able to uncover attacks in near real-time through anomalous behavior detection. Once identified, AtomicEye conducts instantaneous analysis and is capable of automating remediation based on customized playbooks and rulesets. Alternatively, the security team can perform the remediation using AtomicEye’s reports containing full explanations and instructions on how to restore the system to its pre-attack status. By automating tasks through containment, eradication, and recovery, devices are securely controlled without requiring highly-skilled analysts."
Deal terms were not disclosed.
Warburg Pincus announced that it has made an investment in NEOGOV, a provider of SaaS talent management solutions to clients in the government, education, and public sector markets. NEOGOV's software is deployed in over 1,500 organizations including over 40 percent of the largest US cities and over 20 state customers. Deal terms were not disclosed.
Military-focused recruiting firm Bradley-Morris Inc. (BMI) announced that it has acquired Loveland, Ohio-based RecruitMilitary, creating the largest military recruiting company in the US. Founded in 1998, RecruitMilitary produces military-to-civilian job fairs, operates a job board, publishes a print and digital employment magazine, and conducts veteran recruitment for various customers. RecruitMilitary will operate as a division of BMI. Deal terms were not disclosed.
E&E Technical Consultants LLC has acquired Tallahassee, Florida-based Enterprise 24x7 Inc., a provider of technical assistance and IT consulting services to government agencies and private companies. Services provided by Enterprise 24x7 inlcude database development and administration, system and network administration, and software development. Generational Equity advised Enterprise 24x7 on the transaction. Deal terms were not disclosed.
DigitalGlobe Inc. announced that it has agreed to acquire The Radiant Group Inc. from Aston Capital for $140 million in cash. Based in Chantilly, Virginia, Radiant provides advanced geospatial solutions focused on solving real-time multi-source intelligence and exploitation to customers including the NRO, NGA, DIA and SOCOM. The company employs over 400 employees including 250 software engineers and has over 20 prime contracts which is projected to generate 2016 revenues of approximately $100 million. Historical revenue growth has been in excess of 10 percent.
The deal is expected to close by the end of 2016 and is projected to be accretive to profitability.
L-3 Communications announced that it has agreed to acquire the explosive trace detection (ETD) business of Implant Sciences Corporation for $117.5 million cash, plus the assumption of specified liabilities. The consummation of the asset purchase will be subject to the approval of the U.S. Bankruptcy Court.
As part of the transaction, L-3 will acquire the worldwide rights to Implant Science's QS-B220 desktop and QS-H150 handheld ETD systems as well as other product and technology assets. The ETD systems have been deployed in over 70 countries for aviation security, infrastructure protection, mass transit security, military operations, and corporate security. In addition, the systems have approvals and certifications from various agencies including TSA, the European Civil Aviation Commission and the Ministry of Public Safety in China.
Implant Sciences will use the proceeds to pay its creditors and proceed with its strategic plan. The company was advised by Chardan Capital Markets LLC and Noble Financial Capital Markets.
Trimble announced that it has sold its Belgium-based Gatewing Unmanned Aircraft System (UAS) engineering and manufacturing business to Delair-Tech, a French provider of long-range, fixed-wing UAS solutions. Deal terms were not disclosed although Trimble stated that the divestiture will not have a material impact to financial results.
In the same press release, Trimble also announced that it has entered into a strategic alliance with both Delair-Tech and German firm Microdones in which Delair-Tech and Microdrones will be preferred vendors of fixed-wing and multirotor UAS solutions, with Trimble providing software, data processing, and other deliverables to UAS operators.
Windjammer Capital Investors announced that it has acquired Mission Critical Electronics (MCE), a manufacturer of power conversion, battery charging and batter products to over 4,000 customers in the specialty vehicle, public safety, and industrial/marine markets. MCE is Windjammer's fifth platform investment from its $726 million Senior Equity Fund IV. Deal terms were not disclosed.
QTS Realty Trust announced that it has acquired the sole rights to VMware's vCloud Government Service, a FedRAMP compliant cloud solution. The platform will now be called QTS Government Cloud and QTS will wholly own and control the infrastructure supporting the platform.
According to the press release: "The QTS Government Cloud continues to be an exclusive Infrastructure-as-a-Service (IaaS) Community Cloud for government agencies that speeds their path to cloud adoption by supporting both traditional and hybrid system deployments."
Deal terms were not disclosed.
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