Hitachi acquired Global Logic for $8.5B
The offshore software development and localization services of Global Logic were acquired for $8.5B by Hitachi.
Veritas Capital Fund Management acquired Northrop Grumman Corporation (federal IT & mission support services business)
The federal IT and mission support services business of Northrop Grumman was acquired by Veritas Capital for $3.4B.
Nets Holding acquired Nexi Payments
Outsourced payment transaction processing services provider Nexi was acquired by Nets for $7.1B.
Apollo Global Management / Hudson Executive Capital acquired Cardtronics
Apollo Global Management and Hudson Executive Capital spent $1.5B on transaction processing services provider Cardtronics. Apollo helps accelerate growth through investment in the Company’s network to deliver new products.
Science Applications International acquired Unisys Corporation (Federal assets)
The federal business of Unisys was sold for $1.2B to tech integrator SAIC in its quest to become a leading IT modernization provider in the government services market.
Baring Private Equity Asia acquired Virtusa Corporation
Software development company Virtusa was acquired for $2B by Asian private equity firm Baring Private Equity Partners.
Veritas Capital acquired DXC Technology (health and human services business)
The health and human services business of DXC Technology was acquired for $5B by Veritas Capital.
Capgemini acquired WNS
In July, Capgemini acquired WNS for $3.5 billion at a 2.8x revenue multiple. WNS provides business process outsourcing services globally, including analytics, customer experience management, finance and accounting and GRC services. It also offers AI-based omni-channel customer engagement software. The acquisition significantly enhances Capgemini’s outsourced IT services capabilities, strengthening its position in global BPO and digital customer engagement.
Cisco Spends $2.4B for Multi-factor Authentication SaaS Firm Duo Security with a EV/S Multiple of 18.8x
"Announcing its second-largest information security (infosec) acquisition, Cisco says it will pay $2.4bn for Duo Security, adding identity and access management to the networking's giant ever-expanding security portfolio. Cisco has now purchased 14 infosec vendors since the start of the decade, making it the most active buyer in the sector in recent years, according to 451 Research's M&A KnowledgeBase.
Symantec Buys Blue Coat from Bain Capital to Secure Leadership in Cybersecurity
"With the acquisition of Blue Coat, Symantec will enhance its leadership position to define the future of cybersecurity and set the pace for innovation industrywide." Source: Acquirer press release, 6/12/16.
Blue Coat Systems had been bought out by Thoma Bravo in December, 2011 and then sold to Bain Capital in March, 2015 for $2.4 billion.
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