Peraton

From Wikipedia the free encyclopedia

Not to be confused with peloton or Peloton Interactive.
Peraton Inc.
Company typePrivate
Founded2017
HeadquartersReston, Virginia, U.S.
Key people
Steve Schorer, chairman, president, CEO
RevenueUS$7 billion (2023)
Number of employees
> 18,000 (2024)
Websitewww.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

[edit]

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

[edit]
  1. ^ "Top 100 Defense Companies for 2023". Top 100. Defense News. Retrieved 2023-10-27.
  2. ^ a b "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. After officially winning SITEC 3 Peraton canceled many offers and sent new offers with much smaller salaries". 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.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Peraton&oldid=1254395056"