THIS WEEK'S TOP NEWS STORIES
Oracle Corporation?has entered into an agreement to acquire North Kansas City, Missouri-based health information technology company,?Cerner Corporation, in an all-cash tender offer for $95 per share. Under the?$28.3 billion transaction, Oracle will implement its Autonomous Database, Voice Digital Assistant user interface and low-code development tools to modernize Cerner’s electronic medical records systems and move them to Oracle’s cloud environment.
On Wednesday,?Winston Beauchamp, deputy chief information officer for the Department of the Air Force, delivered an opening keynote address during the Potomac Officers Club's?Air Force IT Modernization and Digital Transformation Forum. Beauchamp's speech focused on the key challenges, achievements and growth opportunities surrounding enterprise information technology modernization efforts within the Air Force.
Blue Delta Capital Partners?has raised $215 million for its third fund and plans to use it to make growth-stage equity investments in federal government services providers in return for non-controlling ownership positions in such companies. “Raising Fund III in a matter of weeks, and with only one closing, enables us to spend more time working with our existing portfolio companies and partnering with new industry-leading federal companies in 2022 and beyond,” said?Mark Frantz, co-founder and a general partner at Blue Delta.
The State Department has approved a potential $1.32 billion foreign military sale of shipboard launch and recovery equipment and support services to France for the country's naval aircraft carrier program.?General Atomics' electromagnetic systems group and?Huntington Ingalls Industries?(NYSE: HII) will act as the prime contractors on the proposed deal.
Bill Monet, president and CEO of Akima, was presented his?2021 Wash100 Award, the most prestigious award in all of government contracting (GovCon), for his leadership in driving the company's revenue growth by focusing on customer satisfaction, significant contract wins, and top-notch executive appointments.
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The Government Accountability Office (GAO) found that the Department of Defense (DOD) awarded approximately $8.4 billion in?air support contracts?between fiscal years 2015 and 2021 in support of various training activities. DOD components, including the U.S. Air Force, Navy and Marine Corps, have increased the use of air support contracts since FY 2015.
Josh Jackson, senior vice president and portfolio lead for?Science Applications International Corp.’s U.S. Navy and U.S. Marine Corps business, recently spoke with?ExecutiveBiz?for the publication’s latest?Executive Spotlight?interview discussing SAIC’s recent $556 million Technical Services Navy contract award win. In addition, Jackson also shared his thoughts and first hand experiences with the Navy’s human resource applications.?
Alka Bhave, vice president and chief of staff at?Riverside Research?since July, has been promoted to serve as the nonprofit's chief operations officer. Bhave previously served as vice president of performance excellence at?Peraton,?which she joined after private equity firm Veritas Capital acquired Perspecta and subsequently integrated that company into Peraton.
ICF?(Nasdaq: ICFI) has agreed to?purchase Creative Systems and Consulting?for an undisclosed sum as part of efforts to expand its federal information technology modernization capabilities.?Baird?acted as exclusive financial adviser to Creative on the transaction that is expected to conclude before the end of 2021, pending customary closing conditions.
An analysis by blockchain analytics company?Chainalysis?shows that?scammers took in more than $7.7 billion worth of cryptocurrency?from victims in 2021 and that a new type of scam in the decentralized finance ecosystem called rug pulls accounted for 37 percent of the total cryptocurrency scam revenue.
Chainalysis will sponsor the Potomac Officers Club’s?Digital Currency and National Security Forum?on Jan. 27. The virtual event will feature National Cyber Director Chris Inglis and Juan Zarate, global co-managing partner and chief strategy officer at K2 Integrity, as keynote speakers.