LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
CGI to acquire Stanley |
|
|
Canada's CGI Group has said that it will acquire Stanley Inc., a company that provides information technology services and solutions to US defense, intelligence and federal civilian government agencies. CGI will acquire Stanley through a cash tender offer at $37.50 per share, valuing the latter at approximately $1.07 billion, and representing a premium of 23.3% over Stanley’s 30-day volume weighted average stock price and 38.3% over its 60-day average. The combined entity would have total revenues of approximately $4.5 billion, 31,000 employees and a booked backlog of more than $13.5 billion, representing approximately 3 times annual revenue. Stanley will be part of CGI Federal Inc., a wholly-owned subsidiary, which already provides services to the US Federal, defense, intelligence and civilian agencies. Post-transaction, CGI Federal will have approximately 7,000 professionals and $1.2 billion in annual revenue. Its client base will be a diversified and balanced blend of 55% defense and intelligence and 45% US Federal civilian agencies. CGI Federal will continue to be led by its current President, George Schindler, and the consolidated company will continue serving all three branches of government, 12 Cabinet-level agencies, the four military services, and a broad range of intelligence and national security agencies. CGI plans to fund the acquisition from cash on hand and existing credit facilities. The proposed transaction has been unanimously approved by the board of directors of both companies, CGI group said in its statement. This acquisition, CGI said, will add scale to its US operations, which will make up almost half of CGI’s global revenue. CGI has a US federal business unit, to which Stanley would add additional resources and capabilities to bolster its position in the US Government market. It also marks CGI Federal’s expansion into the US defense and intelligence markets. The acquisition enables CGI Federal to be a part of a set of Federal IT contractors that have over $1 billion in revenue. |
LISTS AND RESEARCH
-
Global Software Top 100 - Edition 2011
- The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
-
Software industry trends (2011)
- This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
- Top hardware companies
- A list of the world's largest hardware companies.
- What happens in the hardware industry?
- Trends and analysis of the hardware industry and its key players.
- Top IT services companies
- A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
- IT services companies: healthy growth
- What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
- Top gaming companies (2010)
- Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
- Top ERP companies
- A research publication about the world's leading players in enterprise software.
- Top security software companies
- A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
- The fastest growing software companies
- This research publication reveals the fastest growing software companies in the world.
-
CRM companies: a short list
- A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
- Top software companies in the US (2010)
- A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
- Top companies in the world (not just software)
- A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
- Top IT companies
- A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.
