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Hey, the PEC Deal Actually Made Sense!
By Mark Evans | August 23, 2006
Somewhere, ex-Nortel CEO Bill Owens must be smiling after Nortel was among 25 companies selected to be part of a multi-billion dollar contract to provide services to the U.S. Department of Homeland Security, which is launching a seven-year program called the Enterprise Acquisition Gateway and Leading Edge Solutions to enhance the department’s information technology services. Owens, a ex-U.S. Navy Admiral with all kinds of connections in Washington, was the one who pushed Nortel to get into the U.S. government technology services business by acquiring PEC Solutions for $443-million in cash. It was a strange move because PEC was a second-tier systems integrator focused on one vertical, albeit a large one.
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Topics: Contract Wins |
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