M&A Activity

Cloudera and IBM announced on Friday that the companies have formed a strategic partnership to develop joint go-to-market programs to bring artificial intelligence solutions and advanced data to more organizations across the expansive Apache Hadoop ecosystem.

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Anthony “Toby” O’Brien, chief financial officer at Raytheon, said the company’s proposed merger with United Technologies Corp. seeks to create a new entity that has its business evenly split between defense and commercial work and between domestic and international areas, Defense One reported Thursday.

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Thomas Kennedy, chairman and CEO of Raytheon, told Defense News in an interview published Wednesday that he and Greg Hayes, chairman and CEO of United Technologies Corp., met with President Donald Trump on June 10 to explain that the proposed Raytheon-UTC combination is complementary and not competitive.

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The board of directors at AECOM has approved the company's plan to separate its management services group as a new publicly traded company that will primarily support national government clients. AECOM said Monday it expects to complete the spinoff in the second half of its 2020 fiscal year and retain John Vollmer, the segment's president and a 2019 Wash100 winner, along with the current management team in the leadership of the future independent company.

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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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