Perspecta Named Deal Team of the Year at the 2019 Corporate Growth Awards
Chantilly, Virginia – May 30, 2019 – Perspecta Inc. (NYSE: PRSP) announced today that it was presented with the 2019 Corporate Growth Award for Deal Team of the Year in the public/private company category by ACG National Capital. The award was presented on May 14, 2019.
The Corporate Growth Awards are presented to the individuals and companies that are selected for their accomplishments in crafting and executing on successful growth strategies and deals. Perspecta was chosen ahead of more than 100 recent transformational transactions and deals executed in the greater Washington D.C. area by the 2019 Corporate Growth Awards Committee.
“I am honored to accept this award on behalf of a stellar team of dealmakers who had the foresight to recognize the value and differentiation that Perspecta would create in the government contracting marketplace,” said Mac Curtis, president and chief executive officer of Perspecta. “The focused effort on the part of the deal team that went into making Perspecta a reality will deliver lasting value to customers, employees and shareholders on all sides of the transaction.”
On May 31, 2018, Perspecta Inc. became an independent company formed by the spin-off of the DXC Technology Company U.S. Public Sector business, and the merger with Vencore Holding Corporation (Vencore) and KGS Holding Corporation (KeyPoint). On June 1, 2018, Perspecta began trading on the New York Stock Exchange under the ticker symbol “PRSP.” The deal team that created Perspecta was comprised of executive leaders from DXC Technology Company and Veritas Capital.
Both Vencore and KeyPoint were owned by affiliates of Veritas Capital, a leading private equity firm recognized for its in-depth knowledge and understanding of government and technology-enabled end markets.
As the world's leading independent, end-to-end IT services company, DXC Technology (NYSE: DXC) leads digital transformations for clients by modernizing and integrating their mainstream IT and by deploying digital solutions at scale to produce better business outcomes. The company’s technology independence, global talent, and extensive partner network enable 6,000 private and public-sector clients in 70 countries to thrive on change.
Overall, the deal created more focused, profitable companies with enhanced growth potential at both Perspecta and DXC.
About Perspecta Inc.
At Perspecta (NYSE: PRSP), we question, we seek and we solve. Perspecta brings a diverse set of capabilities to our U.S. government customers in defense, intelligence, civilian, health care and state and local markets. Our 260+ issued, licensed and pending patents are more than just pieces of paper, they tell the story of our innovation. With offerings in mission services, digital transformation and enterprise operations, our team of 14,000 engineers, analysts, investigators and architects work tirelessly to not only execute the mission, but build and support the backbone that enables it. Perspecta was formed to take on big challenges. We are an engine for growth and success and we enable our customers to build a better nation. For more information about Perspecta, visit perspecta.com.
About ACG National Capital ACG
National Capital is a chapter of the international association, ACG (Association for Corporate Growth) that serves Washington, D.C., northern Virginia and southern Maryland. The association drives middle-market growth and increases deal flow, while providing unparalleled opportunities for networking, deal making and professional development for individuals involved in building corporate value through M&A, strategic partnerships, organic growth and capital funding. ACG National Capital's veteran leadership and its membership of more than 400 executives and business leaders have participated in nearly every recent M&A transaction completed in the D.C. metro region. For more information, visit www.acgcapital.org or the ACG online publication at www.acgcapitalblog.com.
Lorraine M. Corcoran
Vice President, Corporate Communications
M. Stuart Davis
Vice President, Investor Relations