Orbis Technologies Inc. and RSI Content Solutions announced they have merged, forming a company that provides enterprise content and information management solutions to the U.S. military, Intelligence Community, federal agencies and publishers and media companies. Orbis also brings Big Data capabilities. The combined company will continue with the Orbis Technologies name going forward. Deal terms were not disclosed.
The KeyW Holding Corporation announced that it has agreed to acquire Sotera Defense Solutions in an all-cash deal worth approximately $235 million, including an expected $46 million net present value related to acquired net operating loss carryforwards. Sotera is projected to generate $225 million in revenue and $20 million in adjusted EBITDA in 2017. The deal will nearly double KeyW with projected combined revenues of approximately $535 million in 2017 and yield approximately $7 million of cost synergies within 12 to 18 months. KeyW expects the deal to be immediately accretive to 2017 adjusted EPS.
Owned by Ares Management and with over 1,100 employees (80 percent have Top Secret clearance and above), Sotera provides enterprise IT, cybersecurity, data fusion and analytics, intelligence analysis, and C5ISR solutions to the Federal Government and Intelligence Community. The deal will bring KeyW more than 12 prime IDIQ's and GWAC contracts, as well as key customers including FBI, DHS, and Army Intelligence.
RBC Capital Markets and Guggenheim Securities are serving as financial advisors to KeyW. Macquarie Capital and Sagent Advisors are serving as financial advisors to Ares Management and Sotera. The deal is expected to close in the second quarter of 2017.
MacAulay-Brown Inc. (MacB) announced that it has acquired Enlighten IT Consulting (EITC), a provider of secure cloud engineering, big data analytics, and software solutions in the Defense, Intelligence, and Commercial markets. EITC's customers include US Army Cyber Command, DISA, and US Cyber Command. The company's offering include its Rapid Analytic Deployment and Management Framework, network operations monitoring, cyber threat detection and mitigation, and insider threat identification.
EITC will continue to operate as a wholly-owned subsidiary of MacB. Deal tearms were not disclosed. Bluestone Capital Partners served as the financial advisor to EITC.
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.
PlanetRisk announced that it has acquired Analytic Strategies, a provider of analytics services to the government. Analytic Strategies’ capabilities include enterprise analytics, data system management, operations research, supply chain management, and intelligence analysis. The company supports clients including the Secretary of Defense, DLA, DHA, NGA and various branches of the US Armed Forces. Frontier Capital and Petra Capital Partners provided financing for the deal. Deal terms were not provided.
Arlington Capital Partners announced that it has acquired EOIR Technologies Inc. Based in Fredericksburg, Virginia, EOIR and its 400 employees provides cloud computing, big data analytics, advanced visualization, C4ISR, spectrum-related information dominance, smart sensing, training and simulation, and rapid prototyping solutions to the DoD and Intelligence Community. The company has prime positions on large contract vehicles with Army CERDEC ($995 million ceiling), Office of Naval Research ($800 million ceiling), and Army Research Lab ($250 million ceiling). Deal terms were not disclosed.
IBM announced that it has completed its acquisition of Truven Health Analytics from Veritas Capital, a deal valued at $2.6 billion. Truven provides cloud-based healthcare data, analytics and insights to government agencies, hospitals and life sciences companies. This is IBM’s fourth health data acquisition since launching Watson Health in April 2015.
Tetra Tech Inc. announced that it has acquired INDUS Corp., a Vienna, Virginia-based IT firm focused on data analytics, geospatial analysis, secure infrastructure, and software applications for the US government. INDUS has more than 150 employees and various contract vehicles including GSA Alliant, CIO-SP3, and NETCENTS 2.
It appears that Tetra Tech acquired INDUS to augment its spatial and water information capabilities. According to Dan Batrack, Tetra Tech's Chairman and CEO: "With our combined expertise, we can assist customers in managing large data repositories and expand our smart water services, including analysis and real-time decision making in the water sector.”
Deal terms were not disclosed. The McLean Group LLC advised INDUS on the transaction.
Cambridge Semantics announced that it has acquired the intellectual property of SPARQL City and hired the company's former CEO and founder Barry Zane and other SPARQL executives. SPARQL City provided high performance scalable Hadoop-based graph analytics engine. The companies had previously partnered up to jointly offer an integrated graph analytics solutions for Big Data.
Chuck Pieper, CEO of Cambridge Semantics states: "“We believe this IP acquisition is a game-changer for big data analytics and smart data discovery. When coupled with our Anzo Smart Data Platform, no one else in the market can provide a similar end-to-end, semantic- and graph-based solution providing for data integration, data management and advanced analytics at the scale, context and speed that meets the needs of enterprises. The SPARQL City in-memory graph query engine allows users to conduct exploratory analytics at big data scale interactively.”
Deal terms were not disclosed.
Preferred Systems Solutions Inc. (PSS), a portfolio company of CM Equity Partners announced that it has acquired Tetra Concepts LLC, a professional services firm focused on serving the Defense, Intelligence Community, and Commercial Healthcare markets. Tetra Concepts is a Veteran Owned Small Business with capabilities that include Big Data engineering, high performance computing, and software engineering. This latest deal marks PSS's fifth acquisition in less than two years. Deal terms were not disclosed.
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