L-1 buys into U.S. intel market

L-1 Identity Solutions Inc., formed when the Viisage-Identix deal closed Aug. 29, is planning to acquire SpecTal LLC, a Reston, Va., company that provides consulting services to intelligence agencies. The company also offers training and technology development services.

L-1 will pay about $100 million in cash for SpecTal, which was founded in 1999 by the husband-and-wife team of John A. Cross and Louise Brouillette. The deal could be worth another $10 million if certain performance thresholds are met. SpecTal is expected to have about $60 million in 2006 revenue.

The acquisition will strengthen L-1's federal government presence, the company said in a statement. Several senior SpecTal managers will remain. Ann Holcomb, current vice president, will become president, and executives Ron Hammond and Ed Balint will continue as executive vice presidents.

About 95 percent of the company's 325 employees have Top Secret security clearances. Expertise includes government consulting, counterintelligence, counterterrorism and threat vulnerability assessment.

Jeffries Quarterdeck, a division of Jeffries &Co., Inc. rendered a fairness opinion to L-1 Identity Solutions, in connection with the transaction.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

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


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. 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.