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A Look at 2005's Top IT Deals

Monday, February 13, 2006; Page D04

Last year's big deals were ranked by a panel of merger and acquisition experts from a list of 100 deals compiled for Washington Technology by Houlihan Lokey Howard & Zukin.*

No 1.


Buyer: L-3 Communications Inc., New York

Seller: Titan Corp., San Diego

Purchase price: $2.6 billion

Closing date: July 29

Investment bank: Lehman Brothers Inc. for L-3 and Relational Advisors LLC for Titan

Why it's a big deal: This was the biggest deal of the year by size, but more importantly it gave L-3 a large presence as an information technology and systems engineering provider to defense and intelligence customers. The acquisition also brought the exit of Gene W. Ray, Titan's founder. Titan, like L-3, was always an aggressive acquirer. Now one consolidator in the federal market has been swallowed by another.

No. 2.


Buyer: Nortel Networks Corp., Brampton, Ontario

Seller: PEC Solutions Inc., Fairfax

Purchase price: $425 million

Closing date: June 7


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