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Peraton

Not to be confused with peloton or Peloton Interactive.
Peraton Inc.
Company typePrivate
Founded2017
HeadquartersReston, Virginia, U.S.
Key people
Steve Schorer, chairman, president, CEO
RevenueUS$7 billion (2023)
Number of employees
> 18,000 (2024)
Websitewww.peraton.com
Footnotes / references
[1][2]

Peraton Inc. is a privately held American national security and technology company formed in 2017.[3] It is headquartered in Reston, Virginia. Its service areas include space, intelligence, cyber, defense, homeland security, citizen security, and health.[4] The company's applied research organization, Peraton Labs, is sited in Basking Ridge, New Jersey.[5]

As of 2021 the company had more than 150 offices across the United States.[6] Peraton then employed over 5,000 people in the D.C. area and approximately 18,000 worldwide.[2]

Peraton says its name is "a construct of the prefix per, which means thoroughly, and the word imperative, reflecting the importance of its customers' missions".[7]

History

[edit]

Peraton was established and has grown due to acquisitions made by New York-based private-equity firm Veritas Capital. In 2017, Veritas acquired Harris Corporation's government IT services division and renamed it Peraton.[8] In 2019, Peraton acquired Solers, Inc.; the terms of the acquisition were not disclosed.[9] In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion.[10][11] In May 2021, Perspecta (a 2018 merger of DXC Technology's U.S. public sector spin-off, Vencore, Inc., and KeyPoint Government Solutions),[12] was acquired by Veritas for $7.1 billion and placed under Peraton.[13][14]

Peraton was awarded a $2.69 billion contract by the U.S. Department of Homeland Security concerning Data Center and Cloud Optimization Support Services.[15][16] Peraton also captured a $1B contract from the Pentagon to counter "misinformation".[17]

References

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  1. ^ "Top 100 Defense Companies for 2023". Top 100. Defense News. Retrieved 2023-10-27.
  2. ^ a b "Aerospace firm Peraton wins $50M contract extension for CF-18 support". Ottawa Business Journal. Retrieved 2021-08-24.
  3. ^ "Perspecta, now under Peraton, lands $473.8 million agreement". Virginia Business. 18 May 2021. Retrieved 2021-12-25.
  4. ^ "Peraton Company Overview" (PDF). Retrieved August 24, 2021.
  5. ^ "About". Peraton Labs. Retrieved 2021-08-24.
  6. ^ Schulte, Katherine (December 2, 2021). "Peraton to move HQ from Herndon to Reston". Retrieved June 28, 2022.
  7. ^ "Fast growing IT contractor Peraton moving to new HQ in Reston. After officially winning SITEC 3 Peraton canceled many offers and sent new offers with much smaller salaries". WTOP News. 2 December 2021. Retrieved 2021-12-25.
  8. ^ "Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital". 28 April 2017. Retrieved August 24, 2021.
  9. ^ "Peraton to Acquire Solers, Inc". 17 June 2019. Retrieved August 24, 2021.
  10. ^ Insinna, Valerie (December 8, 2020). "Northrop sells IT business to Veritas Capital for $3.4B". Defense News. Retrieved May 22, 2021.
  11. ^ Lake, Sidney (February 1, 2021). "Peraton closes on $3.4B cash purchase of Northrop Grumman biz". Virginia Business. Retrieved May 22, 2021.
  12. ^ Terry, Robert J. (June 1, 2018). "Perspecta debuts on the New York Stock Exchange, unveils board of directors". American City Business Journals.
  13. ^ "Veritas Capital Completes Acquisition of Perspecta" (Press release). 6 May 2021. Retrieved August 24, 2021.
  14. ^ "Peraton". Georgia Cyber Center. Retrieved 2021-12-25.
  15. ^ Schulte, Katherine (2022-02-16). "Peraton lands $2.69B Homeland Security contract". Retrieved 2022-06-28.
  16. ^ "General Dynamics loses $2.7B cloud contract protest". 2022-01-21. Retrieved 2022-06-28.
  17. ^ Jones, John Hewitt (2021-08-11). "DOD awards $1B contract to Peraton to counter misinformation". FedScoop. Retrieved 2023-04-26.