M&A Activity

Salesforce has entered into a definitive agreement with Tableau Software to acquire the company in a transaction worth a potential value of $15.7 billion, Salesforce announced on Monday. The deal is projected to provide Salesforce a $400 million increase in revenue by 2020.

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Science Applications International Corp. (SAIC) announced on Tuesday that SAIC has formed a new strategic partnership with Franklin Venture Partners to broaden its access and exposure to emerging technologies being developed by startup companies across the U.S.  More

Serco Inc. has entered into a definitive Asset Purchase Agreement to acquire Alion Science & Technology Corporation's Naval Systems Business Unit for $225 million to strengthen its presence in naval support, modernization and sustainment, Serco announced on Thursday. More

LexisNexis Risk Solutions announced on Tuesday that the company is acquiring all Lumen’s assets, an integrated data platform owned by the Numerica Corporation. "Over the last seven years, we have successfully developed and commercialized the Lumen product line," said Jeff Poore, Numerica Corporation president.

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Terry Hagen, president of the aerospace and technology business at Jacobs Engineering Group, has cited intelligence, surveillance and reconnaissance technology offerings as the key driver of interest for Jacobs' plan to acquire KeyW for approximately $815M cash, the Dallas Business Journal reported Monday.

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Northrop Grumman executives said they are seeing the benefits of the company’s acquisition of Orbital ATK, which now operates as Northrop’s innovation systems business unit, when it comes to new business opportunities and cost savings, SpaceNews reported Wednesday.

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Bernie Guerry, chief operating officer of General Dynamics’ information technology business, said GDIT has consolidated over 50 facilities as well as data centers since the parent company closed its approximately $9.7B purchase of CSRA in April 2018, Inside Defense reported Friday. GDIT implemented a centralized operating framework for contracts, security, finance, human resources and other functions to "take advantage of scale and be able to move resources, scale resources when and where needed," he told reporters Thursday.

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Nazzic Keene, chief operating officer of Science Applications International Corp., told the Washington Post in an interview published Friday the acquisition of Engility provides SAIC an opportunity to expand its presence in the intelligence community and military space industry. “That diversification I believe sets us apart a bit from everybody else,” Keene, a 2019 Wash100 winner, said of the Engility transaction.

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James Reagan, executive vice president and chief financial officer of Leidos, has said the company is more interested in buying products companies than services providers, Inside Defense reported Tuesday. “We don't need more of what we've got. … The things that we're looking for to build the company inorganically would be the kind of company with both a services and product differentiator,” he told analysts during the company’s earnings call Tuesday.
 

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Tony Moraco, CEO of Science Applications International Corp., told The Washington Post in an interview published Sunday the added scale brought by the $2.5B acquisition of Engility allows SAIC to go after larger business opportunities and new markets in the federal government. “This allows us within this market to pursue and deliver on larger-scale contracts, predominantly in the space and intelligence markets, as well as mission assurance and spaceflight,” he said of the transaction.

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