On the Record · Perspecta
Perspecta acquisitions, on the record
The businesses Perspecta bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Vencore HC and KGS HCWord for word“On May 31, 2018, DXC completed the spin-off of its U.S. Public Sector business ("USPS") held by Perspecta (the "Spin-Off"), and combination with Vencore HC and KGS HC (the “Mergers”) pursuant to an agreement and plan of merger dated October 11, 2017 (the “Merger Agreement”).” 10-K for 2018 | merger | On May 31, 2018 | — |
Computer Sciences Corporation and the Enterprise Services business unit (HPES) of HPEWord for word“DXC was formed on April 1, 2017, through the strategic combination of Computer Sciences Corporation (“CSC”) with the Enterprise Services business unit (“HPES”) of HPE (the "HPES Merger").” 10-K for 2018 | merger | April 1, 2017 | — |
U.S. Public Sector business (USPS)Word for word“On May 31, 2018, DXC completed the spin-off of its U.S. Public Sector business ("USPS") held by Perspecta (the "Spin-Off"), and combination with Vencore HC and KGS HC (the “Mergers”) pursuant to an agreement and plan of merger dated October 11, 2017 (the “Merger Agreement”).” 10-K for 2018 | divestiture | On May 31, 2018 | — |
KeyPoint (KGS HC) merger with Ultra KMS Inc.Word for word“Following the Spin-Off, on May 31, 2018, and pursuant to the Merger Agreement, Perspecta completed the following transactions: • Ultra KMS Inc., a wholly-owned subsidiary of Perspecta, merged with and into KGS HC (the “KeyPoint Merger”), with KGS HC surviving the KeyPoint Merger; • concurrently with the KeyPoint Merger, Ultra First VMS Inc., another wholly-owned subsidiary of Perspecta, merged with and into Vencore HC (the “First Vencore Merger”), with Vencore HC surviving the First Vencore Merger; and • immediately after the KeyPoint Merger and First Vencore Merger, Vencore HC merged with and into Ultra Second VMS LLC (the “Second Vencore Merger” and, together with the KeyPoint Merger and the First Vencore Merger, the “Mergers”), with Ultra Second VMS LLC surviving the Second Vencore Merger.” 10-K for 2018 | merger | May 31, 2018 | — |
Vencore HCWord for word“(“Vencore HC”), KGS Holding Corp. (“KGS HC”) and their respective subsidiaries on a combined basis for the period prior to May 31, 2018, the date they were acquired by Perspecta.” 10-K for 2019 | acquisition | May 31, 2018 | — |
Electronic Data Systems Corporation (“EDS”)Word for word“EDS was acquired by Hewlett-Packard Company in 2008, and later merged into DXC in April 2017.” 10-K for 2019 | acquisition | 2008 | — |
The SI Organization Inc. (“The SI”)Word for word“The SI was acquired by the predecessor of Lockheed Martin Corporation (“Lockheed Martin”), the Martin Marietta Corporation, in 1993 and sold to Veritas Capital in 2010.” 10-K for 2019 | divestiture | 2010 | — |
Applied Communication SciencesWord for word“The SI rebranded as Vencore, Inc. after the acquisitions of Applied Communication Sciences in 2013 and QinetiQ North America Services and Solutions Group in 2014, which brought capabilities in applied research and technology solutions, agile software development for mission-critical systems, classified and commercial launch support, spacecraft engineering and enterprise IT.” 10-K for 2019 | acquisition | 2013 | — |
QinetiQ North America Services and Solutions GroupWord for word“The SI rebranded as Vencore, Inc. after the acquisitions of Applied Communication Sciences in 2013 and QinetiQ North America Services and Solutions Group in 2014, which brought capabilities in applied research and technology solutions, agile software development for mission-critical systems, classified and commercial launch support, spacecraft engineering and enterprise IT.” 10-K for 2019 | acquisition | 2014 | — |
Kroll Government Services, Inc. (“KGS”)Word for word“In 2009, Kroll Government Services was acquired by Veritas Capital and renamed KeyPoint Government Solutions, Inc., which remains the largest provider of background investigative services for the U.S. government.” 10-K for 2019 | acquisition | 2009 | — |
VencoreWord for word“Stock issued for the acquisition of Vencore 578 — — — The accompanying notes are an integral part of these consolidated combined financial statements.” 10-K for 2019 | acquisition | — | 578 |
Contract divestiture due to organizational conflict of interestWord for word“partially offset by a net decrease related to the divestiture of a contract due to organizational conflict of interest, decreases in scope on certain contracts and contract completions.” 10-K for 2019 | divestiture | — | — |
Knight Point Systems, LLCWord for word“On July 31, 2019, Perspecta acquired all of the equity interests of Knight Point Systems, LLC (“Knight Point”) for $250 million plus customary purchase price adjustments, initially estimated at a total of $265 million and currently estimated at $264 million .” 10-K for 2020 | acquisition | On July 31, 2019 | $250 million |
DHPC TechnologiesWord for word“On May 1, 2020, Perspecta acquired certain assets of DHPC Technologies, a U.S. developer of electronic warfare technologies.” 10-K for 2020 | acquisition | On May 1, 2020 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-10-31 | $0 | — |
| 2018-03-31 | $0 | $2.02 billion |
| 2019-03-31 | $312 million | $1.16 billion |
| 2020-03-31 | $265 million | $116 million |
Deal filings since 2016
- 2021-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Perspecta’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2020-05-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.