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Mergers & Acquisitions | Other Corporation | USA

Perot Systems to Acquire QSS

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Perot Systems Corporation recently signed a definitive agreement to acquire QSS Group, Inc. in Lanham, MD for $250 million in cash. Perot Systems expects to close the acquisition during January 2007 and complete the integration later that year. The release adds that they expect QSS Group to achieve revenues of between $260-$280 million for the 2007 calendar year. See release. QSS Group’s clients include the US Army, Coast Guard, Department of Health and Human Services, NASA, NOAA, Department of Treasury and the intelligence community. Key Government-wide acquisition contracts held by QSS Group include the Department of Homeland Security’s Enterprise Acquisition Gateway for Leading-Edge Solutions (EAGLE), the US Army’s Information Technology Enterprise Solutions (ITES-2), the Department of the Treasury’s Total Information Processing Support Services (TIPSS-3), and the General Service Administration’s Millennia Lite.

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