Perot Systems completes Soza acquisition

Perot Systems Corp. has completed its acquisition of Soza & Company Ltd., increasing its government services unit to more than 1,500 employees and more than $200 million in annual revenue.

Perot Systems, based in Plano, Texas, announced its plans to acquire the Fairfax, Va., systems integrator early in February. The acquisition closed Jan. 25. Perot Systems purchased Soza for $75 million in cash, plus up to $32 million in cash and stock if certain performance targets are met.

With the acquisition, Perot Systems gains a foothold with such federal agencies as the departments of Defense, Transportation, Agriculture, Health and Human Services, the Environmental Protection Agency and Coast Guard, as well as state and local governments.

"This further demonstrates our overall strategy to grow, both organically and through strategic acquisition, and serve as a leading provider of technology services and support to the public sector," said Greg Bedner, president of Perot Systems Government Services. "This acquisition provides us with an even broader platform from which to pursue those opportunities that make financial sense and utilize our collective abilities to deliver the highest quality of service to our existing and future customers."

Founded in 1988, Perot Systems Corp. entered the government sector with its July 2002 purchase of ADI Technology Corp., which it renamed Perot Systems Government Services.

Perot Systems employs more than 9,000 people, with revenue of $1.3 billion in fiscal 2002.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.