ManTech Eyes $180M InfoZen Acquisition by October; Kevin Phillips Comments

Kevin Phillips

TYSONS CORNER, VA, Sept. 25, 2017 — ManTech International (Nasdaq: MANT) has entered into an agreement to acquire information technology platforms provider InfoZen for $180 million, with a potential close by October, GovCon Wire reported Tuesday.

ManTech aims to expand its managed cloud services and IT portfolio in the federal civilian market through the transaction, which is anticipated to be slightly accretive to the 2017 earnings per share, the company said Sept. 18.

“We are confident this strategic combination will help us better meet our clients’ mission-critical needs, strengthen our enterprise and mission IT offerings and provide continued growth,” said Kevin Phillips, president and chief operating officer at ManTech and an inductee into Executive Mosaic’s Wash100 for 2017.

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