Titan Acquisition of AverStar Closes
Titan Acquisition of AverStar Closes<CR>
By Jennifer Freer, Staff Writer
JUNE 27 ? Titan Corp., San Diego, finalized the acquisition of AverStar Inc., Burlington, Mass., a company that provides information technology solutions to the Defense Department and civilian federal agencies. Terms of the deal were not disclosed.
AverStar focuses on information assurance and operations and network and information security. The purchase of AverStar will enhance Titan's government customer base, and provide Titan technology with two new businesses.
The first business offers network, Internet and information security services. It will target commercial businesses looking to detect and protect against network intrusions, and those wanting to conduct secure electronic communications.
The second business provides Web based e-business solutions and application development services to the financial industry. Throughout the rest of the year, Titan plans to evaluate the market opportunities for each of the businesses and the potential for creating independent commercial business units.
Titan also announced the acquisition of SenCom, Bedford, Mass., a privately held information technology services company.