Veritas Capital Portfolio Company, Peraton Acquires as-a-Service Solutions Segment of ViON

Peraton, a Veritas Capital portfolio company, has acquired the as-a-service business of ViON Corporation, enhancing its offerings in the design, delivery and governance of critical IT infrastructure for its government customers.

The carve-out acquisition of the cloud business and its employees cements Peraton’s position as a mission-capable integrator and transformative enterprise IT provider.

The agreement adds leaders, employees, and contracts across the US Department of Defense, civilian agencies, and state governments. These customers reflect the strong demand for IT IaaS to enable greater storage, computing and network capacity. These capabilities allow government customers to focus on providing core services that meet their mission instead of owning and managing IT.

“ViON’s aaS business leads the industry in providing an on-prem, cloud-like experience with a platform that enables scale and governance,” said Tom Frana, chairman and CEO, ViON. “With its existing solutions and presence in the government market, Peraton is well positioned to capitalize on this while ViON will focus on growing its analytics and AI solutions business.” 

“ViON pioneered the delivery of the first as-a-service cloud solution to the federal government and has built a strong business on that foundation,” said Stu Shea, Peraton’s chairman, president, and CEO. “With these additional capabilities, along with new employees who share our values and customers’ missions, we will solve the biggest challenges facing government and we’ll do it in a way that makes the best use of their resources.”

“Peraton has successfully executed several important growth initiatives over the past year – both organically and through strategic acquisitions – consistent with our approach to transforming leading government technology companies to better serve the complex needs of their customers,” said Ramzi Musallam, CEO and managing partner, Veritas. “With an industry-leading technology solution in infrastructure as-a-service and exceptional team, the addition of ViON’s as-a-service business enhances Peraton’s position as a top-tier, next-gen technology provider to the public sector.”

Macquarie Capital acted as financial advisor to Peraton. Milbank LLP and Covington & Burling LLP served as legal counsel to Peraton.

About Peraton
Near Washington DC, it drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As a leading mission capability integrator and transformative enterprise IT provider, it delivers trusted and differentiated national security solutions and technologies that keep people safe and secure. It serves as a valued partner to essential government agencies across the intelligence, space, cyber, defense, civilian, health, and state and local markets.

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