Veritas Acquires Pearson Government Solutions

Government Outsourcing Firm Renamed Vangent

New York (February 15, 2007) – Veritas Capital Partners, a leading private equity firm focused on companies providing outsourcing services to government, today announced it has completed the acquisition of Arlington, VA-based Pearson Government Solutions (PGS) from Pearson plc, the international media and education company. Under terms of the transaction, Veritas Capital paid $600 million of consideration and Pearson plc is retaining a minority interest in PGS, which has been renamed Vangent.

Vangent’s more than 5,500 employees serve national and local governments, education institutions and corporations in the U.S. and around the world. The company designs, builds and operates solutions to provide information, benefits and services to its clients’ customers. Clients include the U.S. Departments of Defense, Education, Health, Justice and Labor, and the London, England, Borough of Southwark.

“Vangent comes to the Veritas Capital portfolio of companies with a strong record of client retention and a well-deserved reputation for delivering high-quality services and solutions to government and commercial customers,” said Robert McKeon, Veritas Capital’s founder and president. “Together with Vangent’s strong management team, we are committed to expanding its geographic presence as well as its client base in vertical, high-potential markets such as healthcare and business process outsourcing.”

Vangent will maintain its headquarters in Arlington, Virginia.

About Vangent
Vangent has 5,500 employees working across the U.S. and in the U.K., Canada, Mexico, Argentina and Venezuela. Vangent is ranked #36 on Washington Technology's annual "Top 100" list of federal prime contractors, #38 on Government Executive's list of Top 200 Government Contractors, and #14 on Government Executive's list of Top 100 Civilian Agency Contractors.

About Veritas Capital
Veritas Capital is a private equity investment firm headquartered in New York. Founded in 1992 by Robert B. McKeon, Veritas invests primarily in companies specializing in outsourcing services to the government, primarily in the areas of defense and aerospace, security and infrastructure. Veritas' portfolio of companies includes, or has included, DynCorp International, Integrated Defense Technologies, Athena Innovative Solutions, Vertex Aerospace, McNeil Technologies, The Wornick Company, and TRAK Communications, among others. Veritas is dedicated to providing the highest level of critical services and equipment to the defense and federal sectors around the world. For more information, please visit http://www.veritascapital.com.

Contacts:

Robert McKeon, President
Veritas Capital Partners
Tel: 212-415-6701

Lawrence Budgar
Burson-Marsteller
Tel: 212-614-4140
Lawrence.budgar@bm.com

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