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The company has been repeatedly caught falsifying records, at times on a gargantuan scale. Now it is seeking opportunities in an industry where money routinely disappears in the trillions. What could possibly go wrong? UK outsourcing giant Serco has a long history of failing to deliver. But every time it does, it has a knack of picking up even more lucrative projects once the dust has settled from the ensuing scandal. It has been repeatedly accused and occasionally found guilty of falsifying records on a huge scale. Yet it keeps winning government contracts, including for some of the most sensitive public services, such as maintaining the UK’s air defence radar and ballistic warning system. ....
ADVERTISEMENT ADVERTISEMENT Serco Buys PE-Backed Defense Contractor For $295M Law360 (February 16, 2021, 7:46 PM EST) U.S. Department of Defense contractor Serco s North American unit said Tuesday it is planning to snatch up private equity-backed fellow contractor WBB for $295 million to expand its offering of professional, technology and management services. Serco Inc. said in a news release it is buying Whitney Bradley & Brown Inc. from alternative investment manager H.I.G. Capital LLC, which is working with Paul Hastings LLP. WBB s roughly 1,000 employees will join Virginia-based Serco s more than 8,000 hires in the Americas and increases its artificial intelligence, machine learning, data analytics and cyber consulting abilities, according to the press release. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Serco Announces Agreement to Acquire WBB, Strengthening Presence in High-End Consulting . Serco IncFebruary 16, 2021 GMT Herndon, Virginia, Feb. 16, 2021 (GLOBE NEWSWIRE) Serco Inc., a provider of professional, technology, and management services, announced today that the company has entered into a definitive agreement to acquire Whitney, Bradley & Brown, Inc. (WBB) from an affiliate of H.I.G. Capital for $295 million. The acquisition, subject to certain regulatory approvals, is expected to close in the second quarter of 2021. The acquisition would substantially strengthen Serco’s position providing acquisition and program management services to the Department of Defense, which has been a critical growth area for the company in recent years. WBB has around 1,000 employees, including more than 200 subject matter experts (SMEs) with experience in their respective techni ....
February 17, 2021 at 8:45am Herndon Graduate Continues Cancer Treatment “Chelsea Proctor, the Herndon resident diagnosed last year with a rare and painful form of cancer, is continuing chemotherapy treatment.” [Reston Patch] Local Company Pivots to New Target “Parabon NanoLabs, the small Reston company helping law enforcement crack cold cases across the country, has big priorities for 2021: Cancer therapeutics, VR software, diagnostics and more. [Washington Business Journal] Herndon Tech Company to Buy Reston Contractor “Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Tuesday it will acquire Reston-based H.I.G. Capital affiliate Whitney, Bradley & Brown for $295 million.” [Virginia Business] ....
Serco Announces Agreement to Acquire WBB, Strengthening Presence in High-End Consulting Services to Defense Markets forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.