Latest Federal & Government Contracting Companies' News Coverage
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.
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.
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).
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.
Quantum has appointed Rick Valentine as senior vice president and chief customer officer. In his new role, Valentine will work to advance Quantum's customer experience throughout the company's transformation into an as-a-service provider for unstructured data management, analytics and storage. "Rick's deep expertise in SaaS transformation and customer experience will ensure that the Quantum customer experience remains second to none,“ said Jamie Lerner, president and CEO at Quantum.
Veritas Technologies has named Carahsoft Technology its top distribution business partner for 2020 in recognition of the latter's sales and marketing support for enterprise data management products.
DLT Solutions has received a potential six-year contract to help Texas' information resources department address software needs across state, local and education organizations.
Guidehouse, backed by Veritas Capital, announced on Friday that the company's acquisition of Navigant Consulting, Inc. has been completed.
Carahsoft Technology has received a blanket purchase agreement of undisclosed value to deliver training, maintenance services and Veritas Technologies-built hardware and software systems to the U.S. Navy and Marine Corps.
Veritas Technologies and Carahsoft Technology have partnered to release an enterprise cloud data security tool through Amazon Web Services' Commercial Cloud Services Marketplace.
Executive Mosaic is happy to announce that Paul Smith, senior vice president and general manager of Red Hat's public sector business, has been selected to join the 2019 edition of the Wash100 “” Executive Mosaic's annual selection of the most influential voices in the government contracting arena “” for his efforts to accelerate hybrid cloud platforms and other technology to help federal agencies and grow the cyber workforce. This marks his third Wash100 win.
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