Investment firms Veritas Capital and KKR have agreed to invest in Cotiviti, a provider of data analytics services to health care organizations, to support the latter's commercial expansion and product development efforts. Veritas Capital and KKR will own equal ownership stakes in Cotiviti and allocate capital through their venture capital funds to help accelerate the company's fund growth and technology innovation investments, Cotiviti said Wednesday.

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The U.S. Postal Service has chosen Veritas Technologies’ software platforms for the modernization of its data compliance system in a potential seven-year, $70 million contract. The company said Tuesday that Veritas Enterprise Vault, Merge1 and eDiscovery support products will be implemented in the agency’s legal department in an effort to reinforce its regulatory and litigatory […] More

Veritas Capital has completed its purchase of CAES Space Systems and changed the name of the acquired business to Frontgrade Technologies to reflect its objectives of creating technology platforms that support national security and addressing engineering challenges facing clients. Mike Elias, formerly senior vice president and general manager for the space division at CAES, will […] More

Veritas Capital has completed the merging of Coronis Health and MiraMed Global Services into a scaled revenue cycle management platform to provide end-to-end technology-enabled solutions for U.S. health care providers, the leading technology and government investor announced on Thursday. “This combination brings together two highly complementary businesses with a shared mission to improve operations for health […] More

Veritas Capital is at the center of the government contracting world with the investment company’s stake in several different major government technology companies, including Peraton and Guidehouse. Ramzi Musallam, CEO and managing partner of Veritas Capital, recently sat down with Executive Mosaic to discuss the New York-based private equity firm’s strategy, its goals for how to tailor its work to […] More

Executive Mosaic has named Ramzi Musallam, CEO and managing partner of Veritas Capital, as one of the inductees into the 2022 Wash100 Award in recognition of his company asset growth strategy and fund management leadership. This marks the seventh consecutive year that Musallam has been included in Executive Mosaic’s annual selection of officials and executives […] More

Veritas Capital announced on Wednesday that it has finished fundraising for The Veritas Capital Vantage Fund, closing its hard cap with a total of $1.8 billion of committed capital. The Vantage Fund’s closing brings the company's total assets to approximately $28 billion.

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Cubic Corporation announced on Wednesday it has accepted a proposal from Veritas Capital and Evergreen Coast Capital to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. By accepting the proposal, Cubic has entered into an amended agreement with Veritas and Evergreen. The all-cash transaction will be valued at approximately $3 billion. 

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Ramzi Musallam, managing partner and CEO of Veritas Capital, has received a 2021 Wash100 Award for leading a large number of multi-billion dollar acquisitions to drive exponential growth for the company, Executive Mosaic announced on Tuesday. This marks the sixth consecutive year that Musallam has received the most prestigious award in all of government contracting (GovCon).

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Cubic Corporation has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital, an affiliate of Elliott Investment Management, will acquire Cubic for $70.00 per share in cash. The all-cash transaction is worth approximately $2.8 billion, including the assumption of debt.

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Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman’s IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,” said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.

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Veritas Capital has moved to acquire Perspecta for $7.1 billion and plans to combine the latter to its portfolio company Peraton to expand its position in the government technology market. Perspecta has entered into a definitive agreement for the all-cash transaction. "Perspecta will be well positioned to build on our momentum and continue executing on customer commitments as Perspecta delivers cyber, digital-transformation and mission-focused solutions,” said Mac Curtis, chairman and CEO of Perspecta and 2020 Wash100 Award recipient. Stu Shea, chairman, president and CEO of Peraton and 2020 Wash100 Award recipient said, "Together, we will create a top-tier, privately-owned government technology business with a focus on missions of consequence.”

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