L-3 acquires Data Tactics for undisclosed sum.
M2 EQUITYBITES-March 6, 2014-L-3 acquires Data Tactics for undisclosed sum
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L-3 Communications (NYSE:LLL) announced on Wednesday, that effective immediately, it has completed the acquisition of Data Tactics Corporation, a specialised provider of Big Data analytics and cloud computing solution services, primarily to the US Department of Defence.
Financial details of this acquisition were not disclosed.
The acquired business, renamed L-3 Data Tactics, offers highly tailored solutions that are used by the US military and government agencies, including public safety and law enforcement organisations. This business is expected to generate sales of approximately USD50m for the year, ending 31 December 2014.
Data Tactics is expected to immediately add synergies to L-3 and enable it to pursue new opportunities in data analytics, data engineering and secure cloud solutions.
L-3 is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, platform and logistics solutions, and national security solutions.
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