Perspecta Inc.
| Company type | Public |
|---|---|
| Industry | Government services |
| Founded | 2018 |
| Fate | Acquired by Peraton in 2021 |
| Headquarters | Chantilly, Virginia , United States |
Key people | Mac Curtis (CEO and President) |
| Revenue | $4.5 billion (2020) |
Number of employees | 14,000 (2021) |
| Parent | Peraton (from 2021) |
Perspecta Inc. was a U.S.-based government services firm headquartered in Chantilly, Virginia. In 2021, it was acquired by Peraton.
History
The establishment of Perspecta occurred in 2018 following the consolidation of DXC Technology's U.S. Public Sector division with Vencore, Inc. and KeyPoint Government Solutions. During June of that year, Veritas Capital purchased a 14.5% ownership interest in the company.
In 2019, Perspecta completed the acquisition of Knight Point Systems for $250 million. That same year, the company won an $824 million contract from the National Geospatial Intelligence Agency and secured a $657 million extension on its IT services agreement with the Navy.
February 2021 saw Perspecta awarded a potential five-year contract valued at $38 million to provide contractor management support to the Defense Manpower Data Center (DMDC) under the Department of Defense (DOD). The scope of work included cloud migration, software development, quality assurance, round-the-clock help desk assistance, and training services. Later in 2021, Perspecta obtained a $437 million contract with the DOD.
In May 2021, shareholders of Perspecta approved a merger deal priced at $29.35 per share. Subsequently, Peraton, which is owned by Veritas Capital, completed the acquisition in a transaction worth $7.1 billion.
Corporate affairs
At the point of merger completion, Perspecta had approximately 14,000 employees and reported annual revenues of $4.5 billion for 2020. The company was under the leadership of CEO and President Mac Curtis, who did not remain with Peraton following the acquisition.