Company Overview Investment Strategy Team Portfolio Contact LP Only
 

Veridian Completes Acquisition of Trident Data Systems, MRJ Technology Solutions and ERIM International

Provides a unique set of end-to-end information assurance technologies required to protect government agencies and private businesses from cyber threats

Solidifies market leadership in information technology and security, and applied science and engineering

Creates a company of more than 4,500 professionals with pro-forma revenues of $600 million

With the closing of its most recent acquisitions this week, Veridian Corporation now offers the comprehensive information technology and protection capabilities needed to guard public institutions and private companies from the growing dangers presented by cyber-crime, cyber-terrorism, and hackers. The information security capabilities, knowledge management tools, and other technologies of Trident Data Systems, MRJ Technology Solutions and ERIM International, combined with Veridian's existing competencies, produce a company uniquely qualified to protect government agencies and private companies from cyber threats.

The expanded information and infrastructure protection resources will provide Veridian's government and commercial customers with direct access to world-class capabilities addressing the most vital emerging business needs, such as network integrity and e-commerce security. These capabilities will be especially useful in those infrastructure areas and markets where Veridian's more than 50 years of experience and reputation for integrity yield considerable domain knowledge and leadership.

Veridian now employs more than 4,500 computer scientists and software development engineers, systems analysts, scientists, engineers and other professionals serving customers at more than 45 locations in the U.S. and overseas. The company occupies a leadership position in the information technology and advanced engineering segments of the government and commercial markets. Pro-forma revenues for this privately held company will reach $600 million. Terms of the transactions were not disclosed.

"The acquisition of these three superb companies — MRJ, Trident and ERIM International—represents a significant strategic achievement in our effort to build an unparalleled set of information security, information technology and advanced engineering solutions for our government, commercial and international customers," said David H. Langstaff, Veridian chief executive officer. "With the combined knowledge base of Veridian, Trident, ERIM and MRJ, we have created a unique ability to design, develop, deliver, operate and maintain trusted information solutions for the network-enabled future."

While these acquisitions extend Veridian's information assurance and security, and infrastructure protection capabilities significantly, they also complement and enhance the company's capacity in other important markets and business areas. In fact, the transactions provide comprehensive and complementary capabilities for delivering full-service information and engineering solutions that include:

• Critical infrastructure protection.
• Secure network integration.
• Information warfare.
• Simulation, modeling and training.
• Data mining and information fusion.
• High-performance computing.
• Advanced imaging and sensor technology.
• Space systems support.
• Aeronautics engineering support
• Nuclear, biological, and chemical test and detection.
• Human factors engineering.
• Intelligent transportation systems.

Continued on Page 2