Peraton

Last updated
Peraton Inc.
Type Private
Founded2017
Headquarters Reston, Virginia, U.S.
Key people
 Stu Shea, chairman, president, CEO
RevenueDecrease2.svg US$6.47 billion (2022)
Number of employees
> 22,000 (2021)
Website www.peraton.com
Footnotes /references
[1] [2]

Peraton Inc. is a privately held American national security and technology company formed in 2017. [3] It is headquartered in Reston, Virginia. Its service areas include space, intelligence, cyber, defense, homeland security, citizen security, and health. [4] The company's applied research organization, Peraton Labs, is sited in Basking Ridge, New Jersey. [5]

As of 2021 the company had more than 150 offices across the United States. [6] Peraton then employed over 5,000 people in the D.C. area and approximately 18,000 worldwide. [2]

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]

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References

  1. ↑ "Top 100 Defense Companies for 2023". Top 100. Defense News . Retrieved 2023-10-27.
  2. 1 2 "Aerospace firm Peraton wins $50M contract extension for CF-18 support". Ottawa Business Journal. Retrieved 2021-08-24.
  3. ↑ "Perspecta, now under Peraton, lands $473.8 million agreement". Virginia Business. 18 May 2021. Retrieved 2021-12-25.
  4. ↑ "Peraton Company Overview" (PDF). Retrieved August 24, 2021.
  5. ↑ "About". Peraton Labs. Retrieved 2021-08-24.
  6. ↑ Schulte, Katherine (December 2, 2021). "Peraton to move HQ from Herndon to Reston" . Retrieved June 28, 2022.
  7. ↑ "Fast growing IT contractor Peraton moving to new HQ in Reston". WTOP News. 2 December 2021. Retrieved 2021-12-25.
  8. ↑ "Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital". 28 April 2017. Retrieved August 24, 2021.
  9. ↑ "Peraton to Acquire Solers, Inc". 17 June 2019. Retrieved August 24, 2021.
  10. ↑ Insinna, Valerie (December 8, 2020). "Northrop sells IT business to Veritas Capital for $3.4B". Defense News. Retrieved May 22, 2021.
  11. ↑ Lake, Sidney (February 1, 2021). "Peraton closes on $3.4B cash purchase of Northrop Grumman biz". Virginia Business. Retrieved May 22, 2021.
  12. ↑ Terry, Robert J. (June 1, 2018). "Perspecta debuts on the New York Stock Exchange, unveils board of directors". American City Business Journals .
  13. ↑ "Veritas Capital Completes Acquisition of Perspecta" (Press release). 6 May 2021. Retrieved August 24, 2021.
  14. ↑ "Peraton". Georgia Cyber Center. Retrieved 2021-12-25.
  15. ↑ Schulte, Katherine (2022-02-16). "Peraton lands $2.69B Homeland Security contract" . Retrieved 2022-06-28.
  16. ↑ "General Dynamics loses $2.7B cloud contract protest". 2022-01-21. Retrieved 2022-06-28.
  17. ↑ Jones, John Hewitt (2021-08-11). "DOD awards $1B contract to Peraton to counter misinformation". FedScoop. Retrieved 2023-04-26.
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