Hello, Guest!
  • Thursday, November 21, 2024

Tech Data Closes $205M DLT Purchase


Jeff Brody

Information technology distribution company Tech Data (Nasdaq: TECD) has completed its acquisition of DLT Solutions for approximately $205M in cash in a push to advance growth initiatives and create opportunities for channel partners in the public sector.

Tech Data initially announced the deal in late October and disclosed the purchase price through a Securities and Exchange Commission filing.

Herndon, Va.-based DLT is a government technology aggregator focused on providing customers access to software, cloud, big data and analytics, cybersecurity and other IT offerings through its spots on several contract vehicles.

Tech Data received a new takeover offer from Tiger Midco, an affiliate of funds managed by alternative investment manager Apollo Global Management™s (NYSE: APO) affiliates. Tiger Midco moved to increase its offer for Tech Data from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.

Video of the Day

Related Articles

John Eubank Named BlueVoyant Government Solutions Chief Revenue Officer Executive Moves

John Eubank Named BlueVoyant Government Solutions Chief Revenue Officer

John Eubank, a cyber defense executive and GovCon industry veteran, has joined the government arm of BlueVoyant as chief revenue officer. He will lead efforts to drive strategic growth and bring BlueVoyant Government Solutions’ supply chain risk management platform to federal agency clients, the company said Friday. Arun Sankaran, CEO at BlueVoyant Government Solutions, said

Palantir to Supply Data Integration Tools to VA Under $90M Contract Contract Awards

Palantir to Supply Data Integration Tools to VA Under $90M Contract

Palantir Technologies (NYSE: PLTR) has secured a potential four-year, $90 million contract to provide data integration tools to the Department of Veterans Affairs, FedScoop reported Thursday. Those tools from the Denver-based big data analytics company could enable VA to integrate into the Common Operating Platform data from health and benefits systems in order for leaders

Tony Frazier, Maxar EVP of Global Field Operations, Named to 2021 Wash100 for Driving Commercial Space Innovation to Support National Security Goals News

Tony Frazier, Maxar EVP of Global Field Operations, Named to 2021 Wash100 for Driving Commercial Space Innovation to Support National Security Goals

Executive Mosaic is honored to announce Tony Frazier, executive vice president of Global Field Operations at Maxar Technologies, as a recipient of the 2021 Wash100 Award. This marks the fifth time that Frazier has received the most prestigious award in all of government contracting (GovCon). His leadership in helping defense and intelligence customers with Maxar’s