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Business/Financial

Providence Equity Completes Acquisition of SRA

Defense Daily Staff

Thursday, July 21st, 2011

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The private equity firm Providence Equity Partners has completed its nearly $2 billion purchase of SRA International, taking the publicly traded company private. SRA was founded in 1978 and went public in 2002. SRA, which is an information technology and services firm serving the national security and federal civilian markets, will retain its name. Ernst Volgenau, the founder of SRA, will continue to service as the company’s chairman. Providence owns another government services firm, Altegrity.

Congress

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Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

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Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

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Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

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