Mergers and Acquisitions: In $ 3 billion deal, Reston’s Neustar to be acquired by Chicago credit assessment firm

With a new quarter upon us, we’re excited to see how the year ends, from a business perspective (probably strong, if trends for the rest of the year are any indication). Squeezing a few last minute mergers, September moved on with numerous deals for DMV companies, both recovered and acquired on the tech scene.

Here’s what you can expect to see close in the fourth quarter.

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In one of the most important transactions of the year, Neustar, the Reston, Va.-based identity resolution technology company to be almost wholly owned by Chicago TransUnion by the end of 2021.

The companies announced last month that TransUnion, a credit reporting conglomerate, will acquire the marketing, fraud and communications businesses of Golden Gate Capital in a $ 3.1 billion cash transaction. According to TransUnion, the deal will help expand its digital identity capabilities, which means customers can feel more secure in online transactions.

Neustar will continue to own its cybersecurity business, now known as Neustar Security Solutions. By the end of 2021, the company is expected to generate approximately $ 575 million in revenue and $ 115 million in adjusted profit.

“TransUnion and Neustar share a similar strategic vision, culture and focus on creating innovative identity-based solutions that enable trusted connections between businesses and people,” said Charlie gottdiener, CEO of Neustar, in a statement. “The complementary activities, products and relationships of the two companies will provide benefits to our customers, employees and other stakeholders combined in a diverse set of markets. “

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Guide house, a DC management consulting firm owned by Veritas Capital, will acquire McLean, Virginia’s Dovel Technologies of Macquarie capital. Terms of the deal were not disclosed, but the 1,800-person Dovel is expected to generate more than $ 2 billion in annual revenue.

Dovel, a software company focused on public health and human services, has seen many successes in recent years. In August, he again landed on the Inc 5000 list of the fastest growing companies. And last month Damon griggs, CEO of the company, was named Entrepreneur of the Year in Ernst & Young Mid-Atlantic price.

In 2020, the company also created a new advisory board for its growth plans. Adaeze Enekwechi of Alliance for Health Policy and BehaVR; Lynn goldman of George Washington University and former medical officer of the Marine Louis Tripoli were the first three appointed members.

“Together, Dovel and Guidehouse will create a powerful, technology-driven organization characterized by deep industry expertise and leading technical know-how,” Griggs said in a statement. “Our companies are aligned with similar cultures and strong core values. Through the integration of our two firms, our employees will benefit from an innovative and collaborative environment with expanded growth opportunities, while our combined clients will access a wider range of expertise, tools and technologies to support their most important initiatives. We look forward to this new chapter together.

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IT solutions company based in Fairfax, Virginia DIGITALSPEC should be bought by the growth fund Neural investments, in partnership with Hawaii’s Island Empire community development.

According to Island Empire, the acquisition is focused on growth and will generate continued development of DigitalSpec’s core services. The intention, he said, is to leverage larger contracts of up to $ 100 million while continuing to secure existing contracts.

Current CEO Charles Dadoo and head of growth Vishal Dadoo both will remain at the helm of the company after the acquisition.

“As a co-founder of DIGITALSPEC, I am extremely pleased that this acquisition allows us to create a platform company with the leadership, infrastructure and ideation to attract strong business partners and position us for growth. exponential, ”Vishal said.

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Check out these other offers that have been signed lately:

• Based on Reston ScienceLogical, which provides cloud-based IT management, has acquired Restoration point, a UK-based network configuration and change management company. The acquisition will strengthen ScienceLogic’s portfolio in the areas of network operations and security.
• Technology-driven business enterprise Sedgwick acquired Bethesda, a contracting company of the Government of Maryland Managed Care Consultants. The company frequently provides workers’ compensation and health services to the federal government.
• ViON Company, an IT infrastructure company in Herndon, Va., has sold its cloud services arm to another IT provider in Herndon Peraton, effective immediately.
• Vienna, Virginia Criteria systems, a cybersecurity and IT company, acquired Protas Solutions in September for an undisclosed amount. The data science and engineering company will now operate as a wholly owned subsidiary of Criterion.
• Booz Allen Hamilton, the McLean, Va.-based tech consulting giant acquired a digital forensics and incident response company Trace point. The news follows Booz Allen’s strategic investment in the company in January this year, but the terms of the two deals were not disclosed.
• DC Government Media Company GovExec acquired Market connections, a government market research services company. This is the latest in a series of GovExec acquisitions this year.
• Alexandria, Virginia SBG technological solutions, a federal government IT service provider, was acquired by Florida health technology company Document storage systems. In the future, SBG will be a document storage unit and will continue its work of expanding products and services.
• DC based medical technology company Danaher Company completed the acquisition of Aldevron, a Midwestern life science company.
• Herndon Government Company October and Reston SSII Tyto Athena announced a merger. The joint venture will now operate as Octo-Athens providing IT solutions to federal government contractors.
• Pharmacies conglomerate Walgreens would consider acquiring Evolutionary health, the Arlington-based healthcare management company, according to Bloomberg.
• Potomac, Maryland Castellum, a defense-focused tech company, signed a letter of intent last month to acquire an anonymous East Coast-based government contractor with annual sales of $ 2 million. The deal is expected to be finalized by the end of October.
• DC DirectTrust, a not-for-profit alliance of providers in healthcare technology, acquired the assets of SECURE Identity, an identity insurance certification body.
• Capgemini, a Paris-based technology consulting and services firm, has entered into a share purchase agreement to acquire software company Rockville VariQ. The deal is pending US regulatory approvals.

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