Democrats take on acquisition reform; Novetta Solutions buys SigInt Technologies

August 17, 2014

The crowded arena of acquisition reform welcomed one more player last week.

The New Democrat Coalition , a group of business-friendly Democrat legislators who describe themselves as part of the “pro-growth, fiscally responsible wing” of the party, plan to take a fresh look at the Defense Department’s buying process.

In a letter addressed to Rep. Mac Thornberry (R-Texas) and Rep. Adam Smith (D-Wash.) of the House Armed Services Committee last week, the coalition’s national security task force said it would meet with government and industry representatives over the next few months to understand how the acquisition system should be improved.

Members of the task force include Reps. Ron Barber (D-Ariz.), Colleen Hanabusa (D-Hawaii) and Derek Kilmer (D-Wash.), all of whom also serve on the House committee. A majority of the Democratic members on the committee are also part of the coalition.

The Defense Department’s top procurement official Frank Kendall has already made acquisition reform a priority during his tenure. In addition, industry groups such as the National Defense Industrial Association and Professional Services Council are working on reform recommendations for Congress.

SafeNet sold for $890M

SafeNet, a Belcamp, Md.-based information security company is to be acquired by Dutch company Gemalto for $890 million, the companies announced last week.

SafeNet provides cloud security for companies such as Bank of America, Starbucks and Microsoft. The company recorded $337 million in sales last year, according to Gemalto.

The deal, which is expected to close at the end of this year, will integrate SafeNet with Gemalto’s payment and identity business segment. The Amsterdam-based digital security company provides security services for government and commercial clients.

Novetta Solutions, PSS finalize new acquisitions

McLean-based cyber analytics company Novetta Solutions made its second acquisition this month, buying SigInt Technologies, an intelligence analysis company headquartered in Columbia. The terms of the deal were not disclosed.

Two weeks ago, Novetta purchased Global News Intelligence, a business that analyzes soft power such as sentiment, influence and rhetoric, across the world.

Novetta, which is owned by Chevy Chase-based private equity firm Arlington Capital, said its latest purchase would be integrated into the company’s cyber signals intelligence and discovery division, also located in Columbia.

Also last week, Preferred Systems Solutions, a McLean-based information technology provider acquired Global Services & Solutions for an undisclosed sum. Global Services, which is headquartered in Arlington, supports the Navy with engineering and technical services and program management capabilities. The company will be a wholly owned subsidiary of PSS and retain its headquarters in Crystal City, a spokeswoman for PSS said.

Jim Ballard, president of Global Services, has been named president of PSS’s Federal Services Group and he will be based in the McLean office.

“The depth and breadth of PSS’s capabilities will allow us to provide best-in-class services to a broad range of federal agencies,” Ballard said in a statement.

Lockheed names new chief accounting officer

Defense giant Lockheed Martin named Brian Colan its new chief accounting officer. Colan will be responsible for the company’s accounting, financial planning, analysis, government finance and tax functions, the contractor said in a statement.

Colan replaces Christopher Gregoire, who had been in the position since 2010. Gregoire will move to the finance department of Lockheed’s mission systems and training division. Colan was previously vice president and controller in Lockheed’s missiles and fire control segment.

NetApp names new chief for its public sector division

NetApp, a data storage provider for the government, said Rob Stein will take over as vice president of the company’s public sector operations. The government division of the California-based company is located in Vienna. Prior to his appointment, Stein served as NetApp’s vice president for federal agencies and inside sales.

Amrita Jayakumar covers IT and federal government contracting for Capital Business, The Post's local business section.
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