Peraton Explained
Peraton Inc. |
Type: | Private |
Foundation: | 2017 |
Key People: | Stu Shea, chairman, president, CEO |
Num Employees: | > 22,000 |
Revenue: | billion |
Revenue Year: | 2022 |
Num Employees Year: | 2021 |
Website: | www.peraton.com |
Footnotes: | [1] |
Peraton Inc. is a privately held American national security and technology company formed in 2017.[2] It is headquartered in Reston, Virginia. Its service areas include space, intelligence, cyber, defense, homeland security, citizen security, and health.[3] The company's applied research organization, Peraton Labs, is sited in Basking Ridge, New Jersey.[4]
As of 2021 the company had more than 150 offices across the United States.[5] Peraton then employed over 5,000 people in the D.C. area and approximately 18,000 worldwide.[6]
Peraton says its name is "a construct of the prefix per, which means thoroughly, and the word imperative, reflecting the importance of its customers' missions".[7]
History
Peraton was established and has grown due to acquisitions made by New York-based private-equity firm Veritas Capital. In 2017, Veritas acquired Harris Corporation's government IT services division and renamed it Peraton.[8] In 2019, Peraton acquired Solers, Inc.; the terms of the acquisition were not disclosed.[9] In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion.[10] [11] In May 2021, Perspecta (a 2018 merger of DXC Technology's U.S. public sector spin-off, Vencore, Inc., and KeyPoint Government Solutions),[12] was acquired by Veritas for $7.1 billion and placed under Peraton.[13] [14]
Peraton was awarded a $2.69 billion contract by the U.S. Department of Homeland Security concerning Data Center and Cloud Optimization Support Services.[15] [16] Peraton also captured a $1B contract from the Pentagon to counter "misinformation".[17]
References
- Web site: Top 100 Defense Companies for 2023 . Top 100 . . 2023-10-27 .
- Web site: 2021-12-25. Perspecta, now under Peraton, lands $473.8 million agreement. 18 May 2021. Virginia Business.
- Web site: Peraton Company Overview . August 24, 2021.
- Web site: About. 2021-08-24. Peraton Labs. en.
- Web site: Peraton to move HQ from Herndon to Reston . Schulte . Katherine. December 2, 2021 . June 28, 2022.
- Web site: Aerospace firm Peraton wins $50M contract extension for CF-18 support . 2021-08-24 . Ottawa Business Journal . en . obj-ca.
- Web site: 2 December 2021 . Fast growing IT contractor Peraton moving to new HQ in Reston. After officially winning SITEC 3 Peraton canceled many offers and sent new offers with much smaller salaries. . 2021-12-25 . WTOP News.
- Web site: 28 April 2017 . Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital . August 24, 2021.
- Web site: Peraton to Acquire Solers, Inc. . 17 June 2019 . August 24, 2021.
- News: Northrop sells IT business to Veritas Capital for $3.4B. Insinna. Valerie. December 8, 2020. May 22, 2021. Defense News.
- News: Peraton closes on $3.4B cash purchase of Northrop Grumman biz. Lake. Sidney. February 1, 2021. May 22, 2021. Virginia Business.
- Web site: Perspecta debuts on the New York Stock Exchange, unveils board of directors . Terry . Robert J. . . June 1, 2018.
- Veritas Capital Completes Acquisition of Perspecta . 6 May 2021 . August 24, 2021.
- Web site: Peraton. 2021-12-25 . Georgia Cyber Center.
- Web site: Peraton lands $2.69B Homeland Security contract . Schulte . Katherine . 2022-02-16 . 2022-06-28.
- Web site: General Dynamics loses $2.7B cloud contract protest . 2022-01-21 . 2022-06-28.
- Web site: Jones . John Hewitt . 2021-08-11 . DOD awards $1B contract to Peraton to counter misinformation . 2023-04-26 . FedScoop . en-US.