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11 Apr 17. Buchanan & Edwards Acquires R2C. Buchanan & Edwards Inc., a technology leader creating transformative solutions for government customers, announced today that it has acquired The Reports and Requirements Company (R2C) LLC, a government service provider offering national security-focused consulting services in intelligence collection, training support and data governance and analysis. With this acquisition and the addition of R2C’s advanced capabilities in front-end data governance and curation, BE’s offering will expand to include a powerful, full life cycle of analytics solutions to support government customers across the spectrum of national security, including defense, diplomatic corps, homeland security, law enforcement and the Intelligence Community.
“At the core of this acquisition are highly valuable national security support capabilities that will allow BE to further expand its already robust suite of services in consulting, computing, cyber and big data analytics,” said Dennis Kelly, president and CEO of Buchanan & Edwards. “The addition of R2C will bring BE the strength of new customer relationships within the Intelligence Community at a time when threats are ever-changing and the need for solutions to keep our country safe is growing. We’re looking forward to collaborating into the future with R2C to solve some of our customers’ and our country’s toughest challenges.”
R2C provides consulting services for high-priority national security concerns. Founded in 2008, R2C delivers innovative solutions to intelligence community and national security customers in data governance, data curation, cyber intelligence, collection management and intelligence training. Its owners, CEO Katrina Barlow and COO Kathy Rondon, will remain involved in daily operations of R2C as a wholly owned subsidiary of Buchanan & Edwards.
“We’re extremely excited to combine the strengths and expertise of the R2C team with the capabilities of Buchanan & Edwards, as together, we become a more powerful asset for our nation,” said Barlow. “By joining forces, we know that we’ll be able to continue delivering leading-edge solutions that leverage technological know-how, reduce costs and expand security to support our nation’s greatest intelligence and national security needs.”
During acquisition negotiations, BE was represented by Holland & Knight, while R2C was represented by Greenberg Traurig, LLP. (Source: BUSINESS WIRE)
10 Apr 17. Ciber files for Chapter 11 bankruptcy. Information technology company Ciber Inc said on Monday that it and some of its U.S. units filed for bankruptcy protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware.
Earlier on Monday, Capgemini agreed to act as the stalking horse acquirer and buy the North American operations of Ciber for $50m, which excludes the company’s international operations and some liabilities.
The company listed assets in the range of $50m to $100m and liabilities in a similar range, according to the filing.
Ciber has received a commitment for up to $45m in debtor-in-possession financing, which will be used to maintain its U.S. operations during the Chapter 11 process, the company said in a statement.
In October last year, Ciber said it was exploring strategic alternatives for the company. (Source: Reuters)
————————————————————————Odyssey is an independent corporate finance firm which advises on acquisitions, business sales, management buy-outs and raising finance, typically in the £5m to £100m range. We have extensive experience in the niche manufacturing sector with our most recent completed deal being the sale of MacNeillie to Babcock Plc. Details can b