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April 20, 2015 10:45 PM ET

IT Services

Company Overview of Vencore, Inc.

Company Overview

Vencore, Inc. provides information solutions, engineering, and analysis to the U.S. Intelligence Community, the Department of Defense, and federal/civilian agencies worldwide. The company offers a range of services from software development to systems engineering; from modeling and simulation to enterprise-wide IT support; from applied research to cybersecurity; and from space to air, land, and sea. It designs, builds, tests, and manages interoperable systems and solutions to meet mission and business objectives; and delivers integrated IT support and cloud migration support in the areas of network design and architecture, satellite IP broadband networks, policy-based network management, and...

15052 Conference Center Drive

Chantilly, VA 20151

United States

Founded in 1972

Phone:

571-313-6000

Key Executives for Vencore, Inc.

Chief Executive Officer and President
Age: 56
Chief Financial Officer and Vice President
Age: 55
Chief Operating Officer and Executive Vice President of Corporate Development
Chief Technology Officer and Vice President
Senior Vice President, Secretary and General Counsel
Age: 41
Compensation as of Fiscal Year 2014.

Vencore, Inc. Key Developments

Vencore Is Reported To Explore Sale

Vencore, Inc. is exploring a sale that could value it at around $1.5 billion, including debt, according to people familiar with the matter. Vencore's owner, Veritas Capital, has hired Stone Key Group LLC and Wells Fargo & Company (NYSE:WFC) to advise on an auction for Vencore, three people said on April 17, 2015. Veritas Capital and Wells Fargo declined to comment and Vencore and Stone Key Group did not respond to a request for comment, reported Reuters.

Vencore Lost NASA Contract

Vencore lost a NASA contract that it picked up through a recent acquisition - a loss that translates to as much as $250 million and about 200 employees and subcontractors in Greenbelt. NASA awarded to Sierra Lobo Inc. of Fremont, Ohio, the Environmental Test and Integration Services II contract - or ETIS II - for engineering and technician test and integration support services at the Goddard Space Flight Center in Greenbelt. Valued at up to $250 million, it's the larger follow-up contract to one held by QinetiQ North America, which counted about 200 employees and subcontractors supporting the contract that had a maximum value of $190 million. The loss is now felt by Vencore, the company that emerged soon after then contractor The SI Organization acquired Qinetiq NA's services and solutions group in May 2014. The combined company counted about 4,800 employees when the acquisition closed. A spokeswoman from the company confirmed the loss of the re-compete, adding that the work would transition to Sierra Lobo after the current contract expires Sept. 30, 2014.

SI Organization Appoints Michael Polmar as Senior Vice President of Business Development

SI Organization of Chantilly appointed Michael Polmar as senior vice president of business development.

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Recent Private Companies Transactions

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Merger/Acquisition
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