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Business/Financial

Leidos Boosting Cloud, Digital Modernization Capabilities With 1901 Acquisition

By Cal Biesecker

Thursday, December 10th, 2020

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Leidos Boosting Cloud, Digital Modernization Capabilities With 1901 Acquisition

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday said it has agreed to acquire 1901 Group, a provider of managed information technology (IT) services and cloud solutions to the private and public sectors, for $215 million in cash. The deal, which is expected to close during the first quarter of 2021, has been approved by both companies’ board and is subject to regulatory approval. 1901 Group, which has more than 400 employees and is based in Northern Virginia, provides cloud, cyber security, enterprise-scale digital…

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