Perot Systems to acquire Soza

Perot Systems Corp. has announced its intention to acquire a company that will double Perot Systems' presence in the federal market.

Perot Systems, based in Plano, Texas, will pay $75 million in cash for Soza and Co. Ltd., which had $137 million in revenue in 2002.

"This is a great acquisition for us that will effectively double the size of our government services group to more than 1,500 associates, and will represent more than $200 million of annual revenue," a Perot Systems spokesman said.

Soza provides information technology and management consulting services to public- and private-sector clients. It counts the Environmental Protection Agency, the U.S. Coast Guard, and the departments of Agriculture, Defense, Transportation, and Health and Human Services among its chief federal customers.

"Federal IT services is a high-priority market for Perot Systems, and our continued investment in this area demonstrates our commitment to growing this business both organically and through strategic acquisitions," Ross Perot Jr., president and chief executive officer of Perot Systems, said in a statement.

The acquisition represents a growing trend of companies buying other firms in order to enter or build strength in the federal sector, said consultant Larry Davis, president of Aronson Capital Partners LLC in Rockville, Md., and a specialist in mergers and acquisitions.

"This trend is emerging. If you look at the [historical] data you see occasional nontraditional players in the mix," he said. "Now we're starting to see some people who never had any federal business."

Featured

  • Defense
    Ryan D. McCarthy being sworn in as Army Secretary Oct. 10, 2019. (Photo credit: Sgt. Dana Clarke/U.S. Army)

    Army wants to spend nearly $1B on cloud, data by 2025

    Army Secretary Ryan McCarthy said lack of funding or a potential delay in the JEDI cloud bid "strikes to the heart of our concern."

  • Congress
    Rep. Jim Langevin (D-R.I.) at the Hack the Capitol conference Sept. 20, 2018

    Jim Langevin's view from the Hill

    As chairman of of the Intelligence and Emerging Threats and Capabilities subcommittee of the House Armed Services Committe and a member of the House Homeland Security Committee, Rhode Island Democrat Jim Langevin is one of the most influential voices on cybersecurity in Congress.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.