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Examples
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General Dynamics said in its statement that the acquisition of Vangent would help give it "the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives."
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Vangent will become part of General Dynamics Information Technology, which has been providing healthcare IT systems and solutions to federal, commercial and military customers.
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General Dynamics said in its statement that the acquisition of Vangent would help give it "the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives."
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Arlington, Virginia-based Vangent provides consulting, systems integration, human capital management and other outsourcing services to the U.S. federal and international governments.
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Vangent Holding Corp is being acquired from private equity firm Veritas Capital and will become part of General Dynamics Information Technology, which has been providing healthcare IT systems and solutions to federal, commercial and military customers for nearly 30 years.
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"Everyone really loved the product," said James Gordon, vice president of health solutions for Vangent - the leading call-center company for the federal government.
Wired Top Stories Ryan Singel 2011
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Vangent, a former unit of Veritas Capital, bought the company.
The Washington Post: National, World & D.C. Area News and Headlines - The Washington Post Nishad Majmudar 2011
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General Dynamics announced its intention to purchase Vangent in August.
The Washington Post: National, World & D.C. Area News and Headlines - The Washington Post Nishad Majmudar 2011
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In September, the Falls Church, Virginia-based company spent $960 million to acquire Vangent Inc., a provider of health-care information technology services.
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In June, Reuters reported that Vangent had hired bankers to sell itself in a deal that could fetch roughly $1 billion.
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