Perspecta Inc.

Veritas Capital to acquire Perspecta in all-cash transaction valued at $7.1 billion

Retrieved on: 
Wednesday, January 27, 2021

Veritas is a significant Perspecta stockholder today, holding approximately 14.5% of Perspecta's shares outstanding.

Key Points: 
  • Veritas is a significant Perspecta stockholder today, holding approximately 14.5% of Perspecta's shares outstanding.
  • The government technology market has been a key focus area for Veritas since its inception.
  • Having considered all opportunities available, the Perspecta Board of Directors is confident this transaction offers the most compelling value creation for shareholders," said Mac Curtis, Chairman and Chief Executive Officer of Perspecta.
  • This communication is being made in respect of the proposed transaction involving the Company and Peraton, an affiliate of Veritas Capital.

Perspecta Launches TransmitAPI 2.0 to Facilitate Compliance With CMS Interoperability Rules

Retrieved on: 
Thursday, January 21, 2021

PHILADELPHIA, Jan. 21, 2021 /PRNewswire/ --Perspecta, a leading healthcare Solutions company, is excited to launch TransmitAPI 2.0.

Key Points: 
  • PHILADELPHIA, Jan. 21, 2021 /PRNewswire/ --Perspecta, a leading healthcare Solutions company, is excited to launch TransmitAPI 2.0.
  • For over a decade, Perspecta has been the industry standard for Provider Directories and data solutions, including the Viiad Provider Directory.
  • TransmitAPI 2.0 complements the complete Perspecta portfolio which includes productivity solutions in provider data, provider directories, engagement portals, provider network management, and master data management.
  • Perspecta continues to set industry standards in solving customer business challenges and continues to provide industry-leading products to support clients' success, facilitate access to care, enable compliance, and maintain a sustainable, competitive advantage.

Perspecta Sets Records in 2020, Announces Addition to Senior Leadership Team of Chief Revenue Officer to Accelerate Growth in 2021

Retrieved on: 
Wednesday, January 6, 2021

Joseph Kennedy joins the Perspecta team as the new Chief Revenue Officer (CRO), to continue to build upon Perspecta's market leadership position solutions.

Key Points: 
  • Joseph Kennedy joins the Perspecta team as the new Chief Revenue Officer (CRO), to continue to build upon Perspecta's market leadership position solutions.
  • In order to build upon its position as market leader in the Health Care and Workers' Compensation solutions space, Perspecta invited Joseph Kennedy to join the team as Chief Revenue Officer (CRO).
  • "I am very excited to be a part of the Perspecta leadership team," said Kennedy.
  • In 2021, Perspecta will continue to partner with its customers to develop products that meet the needs of the market.

Perspecta Awarded Next Generation Enterprise Services Contract Extension from the U.S. Navy

Retrieved on: 
Friday, December 18, 2020

CHANTILLY, Va., Dec. 18, 2020 /PRNewswire/ --Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it was awarded an extension of the NGEN (Next Generation Enterprise Network) contract from the U.S. Department of the Navy with a maximum ceiling value of $797 million, if all options are exercised, for continued delivery of enterprise IT services.

Key Points: 
  • CHANTILLY, Va., Dec. 18, 2020 /PRNewswire/ --Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it was awarded an extension of the NGEN (Next Generation Enterprise Network) contract from the U.S. Department of the Navy with a maximum ceiling value of $797 million, if all options are exercised, for continued delivery of enterprise IT services.
  • The indefinite delivery / indefinite quantity (ID/IQ) contract includes an extension for six months of support, from Jan.1, 2021 to June 30, 2021, and three one-month options beyond that timeframe.
  • Under NGEN, Perspecta operates the Navy Marine Corps Intranet (NMCI), the world's largest intranet, with approximately 400,000 seats representing 800,000 Navy and Marine Corps uniformed and civilian users, largely within the continental United States.
  • Perspecta has provided continuous support for the original NGEN contract, which would have expired in June 2018.

Perspecta Labs wins $13 million award to continue development of an agile, efficient, resilient radio frequency communications solution for the U.S. Army

Retrieved on: 
Wednesday, November 18, 2020

This award, which represents follow-on work for the company, has a value of $13 million.

Key Points: 
  • This award, which represents follow-on work for the company, has a value of $13 million.
  • On the program, Perspecta Labs will design, develop, integrate and demonstrate an automated PACE capability which will significantly reduce the burden on the warfighter and improve network resilience.
  • "Perspecta Labs' automated PACE solution supports mission success by automating initialization steps and using an intelligent decision agent to maintain warfighter communications in the most challenging environments," said Petros Mouchtaris, president and general manager, Perspecta Labs.
  • The Perspecta Labs automated PACE solution will support both voice and data services, with an automated switching capability cognizant of classification levels and boundaries.

Perspecta awarded a contract to provide data center hosting and migration services to support the California State Teachers' Retirement System

Retrieved on: 
Wednesday, October 28, 2020

CHANTILLY, Va., Oct. 28, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has been awarded the California State Teachers' Retirement System (CalSTRS) data center hosting and migration services contract.

Key Points: 
  • CHANTILLY, Va., Oct. 28, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has been awarded the California State Teachers' Retirement System (CalSTRS) data center hosting and migration services contract.
  • CalSTRS provides retirement, disability and survivor benefits to more than 964,000 California public school educators and their beneficiaries.
  • In its role on the program, Perspecta will use Agile teams to migrate specific CalSTRS critical financial and benefits applications to a cloud platform.
  • After migration of the applications, Perspecta will maintain the hosted solution delivering cloud operations, security, disaster recovery, IT service management and program management services.

Perspecta schedules second quarter fiscal year 2021 earnings release and conference call

Retrieved on: 
Wednesday, October 7, 2020

CHANTILLY, Va., Oct. 7, 2020 /PRNewswire/ --Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today it will issue its second quarter fiscal year 2021 earnings press release after close of market on Tuesday, Nov. 10, 2020.

Key Points: 
  • CHANTILLY, Va., Oct. 7, 2020 /PRNewswire/ --Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today it will issue its second quarter fiscal year 2021 earnings press release after close of market on Tuesday, Nov. 10, 2020.
  • Members of Perspecta's executive team will discuss the results in a conference call beginning at 5:00 p.m. EST.
  • Analysts and institutional investors may participate in the conference call by dialing 888-348-3873 (Canadian 855-669-9657; international 412-902-4234) and asking for the Perspecta Inc. or PRSP call.
  • All other participants can join the conference webcast from the investor relations section of the Perspecta website.

Perspecta Labs to conduct critical research for machine learning and artificial intelligence security

Retrieved on: 
Thursday, September 24, 2020

CHANTILLY, Va., Sept. 24, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), announced today that its innovative applied research arm, Perspecta Labs, received an award from the Intelligence Advanced Research Projects Activity (IARPA) to provide research on the Trojans in Artificial Intelligence (TrojAI) program.

Key Points: 
  • CHANTILLY, Va., Sept. 24, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), announced today that its innovative applied research arm, Perspecta Labs, received an award from the Intelligence Advanced Research Projects Activity (IARPA) to provide research on the Trojans in Artificial Intelligence (TrojAI) program.
  • Advancements in artificial intelligence (AI) and machine learning (ML) have added complexity to the threat landscape.
  • Perspecta Labs will lead a team of researchers to study Trojan contamination and develop and provide a multi-faceted detection mechanism to significantly reduce Trojan security risks.
  • "At Perspecta Labs, we welcome the opportunity to support IARPA on research to defend critical AI systems against malicious interference," said Petros Mouchtaris, president and general manager, Perspecta Labs.

Perspecta SVP Mike Kirkland named to FCW 2020 Federal 100

Retrieved on: 
Thursday, September 17, 2020

CHANTILLY, Va., Sept. 17, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that Mike Kirkland, senior vice president, offerings and solutions development has been named to the 2020FCWFederal 100.

Key Points: 
  • CHANTILLY, Va., Sept. 17, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that Mike Kirkland, senior vice president, offerings and solutions development has been named to the 2020FCWFederal 100.
  • In his current role, Kirkland leads a diverse team of engineers, scientists, mathematicians and technologists to push boundaries and develop technology in advance of the government's most difficult challenges.
  • "Mike is the ultimate solution architectcombining Perspecta services with the latest commercial technology and cutting-edge research to address demanding national security and information-related issues," said Mac Curtis, chairman and chief executive officer, Perspecta.
  • Mike has been an invaluable member of our leadership team since day one, and we congratulate him on this well-deserved honor."

Perspecta receives $98.4 million award to continue providing Federal Student Aid Information Center support to the U.S. Department of Education

Retrieved on: 
Tuesday, September 15, 2020

CHANTILLY, Va., Sept. 15, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has received a follow-on award to continue supporting the Federal Student Aid Information Center (FSAIC) 2020program for the U.S. Department of Education, Office of Federal Student Aid (FSA).

Key Points: 
  • CHANTILLY, Va., Sept. 15, 2020 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it has received a follow-on award to continue supporting the Federal Student Aid Information Center (FSAIC) 2020program for the U.S. Department of Education, Office of Federal Student Aid (FSA).
  • The award extends over three years with a ceiling value of $98.4 million.
  • Perspecta's transformative, efficient and interactive solution includes voice, web and mail applications, applying technology and people to support a key mission of the Department of Education.
  • Nearly 600 Perspecta contact center agents and support staff have handled more than 23 million total interactions across multiple channels including voice, chat, email and mail.