June 01, 2018
Perspecta Completes Separation from DXC Technology
Perspecta Inc. completes merger with Vencore and KeyPoint Government Solutions, along with planned refinancing.
May 01, 2018
Veritas Capital Completes Acquisition of PwC’s US Public Sector Business
Veritas Capital, a leading private equity investment firm, today announced that an affiliate of Veritas has completed the acquisition of PwC’s US Public Sector business pursuant to an agreement entered into on February 13, 2018. The business will operate as a standalone company under Veritas’ ownership, and will be renamed upon the completion of its rebranding efforts, which are currently underway.
April 02, 2018
Veritas Capital to Acquire Revenue-Cycle, Ambulatory Care and Workforce Management Software Unit from GE Healthcare for $1 Billion
Veritas Capital (“Veritas”), a leading private equity investment firm, and General Electric (NYSE: GE), today announced that an affiliate of Veritas has entered into a definitive agreement with GE to acquire the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets comprising GE Healthcare’s Value-Based Care Division for $1.05 billion in cash.
February 14, 2018
Veritas Capital Acquires the US Public Sector Business from PricewaterhouseCoopers LLP
Veritas Capital, a leading private equity investment firm, today announced that an affiliate of Veritas has signed a definitive agreement with PricewaterhouseCoopers LLP (PwC), the US member firm of the PricewaterhouseCoopers network, to acquire its US Public Sector business.
October 11, 2017
DXC Technology to Combine its U.S. Public Sector Business with Vencore Holding Corporation and KeyPoint Government Solutions to Create an Independent, Publicly Traded Company Serving U.S. Government Clients
DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, today announced that its board of directors has unanimously approved a plan to combine its U.S. Public Sector (USPS) business with Vencore Holding Corporation and KeyPoint Government Solutions to form a separate, independent publicly traded company to serve U.S. public sector clients.
October 02, 2017
Abaco Systems Names Rich Sorelle Chief Executive Officer
Abaco Systems (“Abaco”), a provider of leading-edge rugged, embedded mission-ready systems, today announced the appointment of Rich Sorelle as Chief Executive Officer, effective immediately. Abaco is a portfolio company of Veritas Capital.
July 05, 2017
CPI International Holding To Be Acquired By Odyssey Investment Partners
Odyssey Investment Partners, LLC (Odyssey) has entered into an agreement to acquire CPI International Holding Corp. (CPI) from affiliates of Veritas Capital (Veritas). Financial terms of the agreement were not disclosed.
July 05, 2017
Veritas Capital Rebrands Former CB&I Capital Services Business as APTIM and Names Gary Baughman CEO
Veritas Capital, a leading private equity firm, today announced the rebranding of its recently acquired portfolio company, CB&I’s Capital Services business, to APTIM. The company is a global provider of asset-related services to the power, industrial, oil and gas, commercial and government markets.
June 20, 2017
Former Harris Corporation Government Services Business Expands Executive Team with Three New Hires
Stu Shea, CEO of MHVC Acquisition Corporation, formerly Harris Corporation’s Government Services business, has named three new executives with strong experience in the national security sector to his leadership team. Jeremy Wensinger has been named chief operating officer (COO), James Winner chief legal officer and general counsel, and Robert Giannetta chief information officer (CIO). As previously announced, the company will soon launch its new brand.
June 06, 2017
Veritas Capital Names Stu Shea CEO of Former Harris Corp Government Services Business
Veritas Capital, a leading private equity firm, announced today that it has named industry veteran, Stu Shea, Chief Executive Officer of MHVC Acquisition Corp. (“MHVC” or the “Company”). Veritas Capital acquired MHVC, formerly Harris Corporation’s Government Services business, in April 2017. MHVC is operating as a standalone company and will launch the new brand soon.
June 05, 2017
Emergency Communications Network Acquires Send Word Now; Rebranded as OnSolve
Emergency Communications Network (ECN), a leading Software-as-a-Service (SaaS) provider of critical event management and emergency notification systems, today announced it has acquired Send Word Now, a global leader in enterprise notification solutions. The combined companies...
May 17, 2017
Steve Schorer Appointed President and Chief Executive Officer of Alion Science and Technology
Alion Science and Technology, an engineering, technology and operational solutions company, today announced that Mr. Steve Schorer has been named President and Chief Executive Officer, effective 19 May 2017. Dr. Bahman Atefi, who has served as President and CEO since 2002, will assume the role of Vice Chairman of the board of directors going forward. Alion has been a portfolio company of Veritas Capital since 2015.
April 28, 2017
Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital
Harris Corporation (NYSE:HRS) has completed the previously announced sale of its government IT services business to Veritas Capital for $690 million in cash. Proceeds from the transaction will be used to support the company’s capital allocation strategy, including pension pre-funding and share repurchases.
March 29, 2017
KRG Capital Portfolio Company PAS Technologies Enters into Agreement to Be Acquired by StandardAero Holdings, Inc.
KRG Capital Partners (“KRG”), a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, Inc. (“PAS” or the “Company”), a leading provider of OEM and aftermarket aerospace and industrial gas turbine (“IGT”) components as well as oil & gas valve components, to StandardAero Holdings, Inc. (“StandardAero”).
February 28, 2017
Veritas Capital Acquires Capital Services Business from CB&I for $755 Million
Veritas Capital, a leading private equity investment firm, today announced that an affiliate of Veritas has signed a definitive agreement to acquire the Capital Services business of CB&I (NYSE:CBI) for $755 million.
February 15, 2017
Veritas Capital Closes Sixth Fund with $3.55 Billion of Commitments
Veritas Capital, a leading private equity investment firm, announced today that it has completed a $3.55 billion fundraise for Veritas Capital Fund VI. Fund VI reached its hard cap and was significantly oversubscribed, exceeding its target of $3 billion within four months.
January 27, 2017
Veritas Capital Agrees to Acquire Government IT Services Business from Harris Corporation
Veritas Capital, a leading private equity investment firm, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Harris Corporation’s (NYSE:HRS) government IT services business for $690 million in cash.
October 26, 2016
ECN Names Wain Kellum Chief Executive Officer
Emergency Communications Network (ECN), a leading provider in the SaaS-based unified critical communications market, today announced the appointment of Wain Kellum as Chief Executive Officer. ECN is a portfolio company of Veritas Capital.
August 01, 2016
ECN Acquires MIR3, Extends SaaS-Based Unified Critical Communications Platform to Enterprise Clients
Emergency Communications Network (ECN) has acquired MIR3, a global Software as a Service (SaaS) provider of intelligent communications to business and government clients. The combination of ECN's critical communications platform and MIR3's growing enterprise platform brings together two highly complementary companies, creating an organization uniquely qualified to meet the fast growing demand for software communications solutions.
June 01, 2016
Verisk Analytics, Inc., Announces Closing of Healthcare Services Business Sale
Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced the closing of the sale of its healthcare services business to Veritas Capital. The terms of the sale were as previously announced.
April 25, 2016
Verisk Analytics, Inc., Signs Definitive Agreement to Sell Its Healthcare Services Business to Veritas Capital for $820 Million
Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, and Veritas Capital, a leading private equity firm, today announced the signing of a definitive agreement under which an affiliate of Veritas Capital has agreed to acquire Verisk's healthcare services business, Verisk Health, for $820 million.
February 18, 2016
IBM Watson Health Announces Plans to Acquire Truven Health Analytics for $2.6B, Extending Its Leadership in Value-Based Care Solutions
IBM (NYSE: IBM) Watson Health today announced plans to acquire Truven Health Analytics, a leading provider of cloud-based healthcare data, analytics and insights for $2.6 billion. Truven will bring more than 8,500 clients, including U.S. federal and state government agencies, employers, health plans, hospitals, clinicians and life sciences companies to the IBM Watson Health portfolio.