Anteon to acquire services firm

Anteon Corp. today announced plans to buy Analysis&Technology Inc., an engineering and information technology services company that provides systems engineering and IT services.

Anteon, based in Fairfax, Va., will pay $104 million in cash, or $26 per share, for about 4 million outstanding shares, said Joseph M. Kampf, president and CEO of Anteon. Kampf said about 75 percent of Analysis&Technology's business is with the federal government, including work that supports the Defense Department's command, control, communications, computers and intelligence program.

Based in North Stonington, Connecticut, Analysis&Technology, a 20-year-old company with estimated revenues of $170 million in the fiscal year ending March 31, is the third company Anteon has bought within the past 18 months.

The acquisition will make Anteon a $500 million company with more than 4,000 employees, Kampf said. The deal, which must be approved by at least two-thirds of Analysis&Technology's shareholders, is expected to close by June 30.

Featured

  • Workforce
    coronavirus molecule (creativeneko/Shutterstock.com)

    OMB urges 'maximum telework flexibilities' for DC-area feds

    A Sunday evening memo ahead of a potentially chaotic commute urges agency heads to pivot to telework as much as possible.

  • Acquisition
    Shutterstock ID: 1993681 By Jurgen Ziewe

    Spinning up telework presents procurement challenges

    As concerns over the coronavirus outbreak drives more agencies towards expanding employee telework, federal acquisition contracts can help ease some of the pain.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.