Peraton

Peraton Inc. is a privately held American national security and technology company formed in 2017,[2] with corporate headquarters in Reston, Virginia. Its areas of service include space, intelligence, cyber, defense, homeland security, citizen security, and health.[3] The company's applied research organization, Peraton Labs, is headquartered in Basking Ridge, New Jersey.[4]

Peraton Inc.
TypePrivate
Founded2017
HeadquartersReston, Virginia, U.S.
Key people
Stu Shea, chairman, president, CEO
RevenueIncrease $7.0 Billion(2021)[1]
Number of employees
>18,000 (2021)
Websitewww.peraton.com

Peraton was formed in 2017 through the acquisition of Harris Corporation's government IT services division by Veritas Capital. Peraton purchased Perspecta Inc. in May 2021 for $7.1 billion.[5] Veritas also purchased Northrop Grumman's federal IT division in 2021.[6] In 2021 the company had more than 150 offices across the United States.[7]

The company plans to move its headquarters from Herndon to Reston Town Center in Reston in 2022.[6] As of 2021, Peraton employed over 5,000 people in the D.C. area and approximately 18,000 employees total worldwide.[8]

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".[6]

History

In 2017, the New York-based private-equity firm Veritas Capital acquired the government IT services division of Harris Corporation, and renamed it Peraton.[9] In 2019, Peraton acquired Solers, Inc.; the terms of the acquisition were not disclosed.[10] In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion in cash and placed it within the Peraton subsidiary.

In May of 2021, Perspecta (a 2018 merger of DXC Technology's U.S. public sector spin-off, Vencore, Inc., and KeyPoint Government Solutions),[11] was acquired by Veritas for $7.1 billion and placed under Peraton.[12] In 2022, Peraton through its newly acquired subsidiary Perspecta has been awarded a $2.69 billion contract by the U.S. Department of Homeland Security concerning Data Center and Cloud Optimization Support Services.[13][14]

References
  1. "Peraton Vaults 71 Spots to #25 in 2022 Defense News Top 100".
  2. "Perspecta, now under Peraton, lands $473.8 million agreement". Virginia Business. 18 May 2021. Retrieved 2021-12-25.
  3. "Peraton Company Overview" (PDF). Retrieved August 24, 2021.
  4. "About". Peraton Labs. Retrieved 2021-08-24.
  5. "Peraton". Georgia Cyber Center. Retrieved 2021-12-25.
  6. "Fast growing IT contractor Peraton moving to new HQ in Reston". WTOP News. 2 December 2021. Retrieved 2021-12-25.
  7. Schulte, Katherine (December 2, 2021). "Peraton to move HQ from Herndon to Reston". Retrieved June 28, 2022.
  8. "Aerospace firm Peraton wins $50M contract extension for CF-18 support". Ottawa Business Journal. Retrieved 2021-08-24.
  9. "Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital". 28 April 2017. Retrieved August 24, 2021.
  10. "Peraton to Acquire Solers, Inc". 17 June 2019. Retrieved August 24, 2021.
  11. Terry, Robert J. (June 1, 2018). "Perspecta debuts on the New York Stock Exchange, unveils board of directors". American City Business Journals.
  12. "Veritas Capital Completes Acquisition of Perspecta". 6 May 2021. Retrieved August 24, 2021.
  13. Schulte, Katherine (2022-02-16). "Peraton lands $2.69B Homeland Security contract". Retrieved 2022-06-28.
  14. "General Dynamics loses $2.7B cloud contract protest". 2022-01-21. Retrieved 2022-06-28.
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