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$DST unit will acquire $STT's ownership interest in BFDS by delivery of 2.0MM State Street shares for about $157.6MM. DST expects the transaction to be accretive to diluted EPS by $0.15 to $0.19 in the next twelve months, before costs and charges. The BFDS acquisition is expected to close within the next several days.
$KFY named Jill Wiltfong as Chief Marketing Officer. Wiltfong will be responsible for global brand and marketing strategy and will be based in the company's Los Angeles office. She joins $KFY from global industrial advisory DEKRA Insight, where she was most recently SVP and Head of Business Innovation and Strategic Marketing.
Asia's second largest software services company $INFY reported a spike in 3Q18 net earnings to $796MM from $547MM a year ago, driven by a tax reversal gain of $225MM. On a per share basis, net income jumped 46% to $0.35. Meanwhile, the Bengaluru, India-based company's revenue for the quarter rose 8% to $2.76Bil.
$SSNC agreed to buy $DST in an all-cash transaction for $84 per share plus assumption of debt, equating to an enterprise value of about $5.4Bil. $SSNC plans to fund the acquisition and refinance existing debt with a combination of debt and equity. Both $SSNC's and $DST's BoD have approved the transaction, and it is expected to close by 3Q18.
$LDOS, a technology solutions provider, said it received a $47MM contract from the Air Force Research Laboratory for providing sensor technology. The contract, under the EO-CHIL Program, has an 87-month period of performance. The company was also awarded an initial task order under the program.
$LLL appointed retired U.S. Army Lt. Gen. Patrick J. "Pat" O'Reilly to the newly created role of corporate Vice President of Engineering, effective immediately. In this new position, O'Reilly will report to the company's Chief Technology Officer, Paul DeLia.
$LLL, which provides electronic systems to multiple industries, appointed Sean Stackley as Corporate VP for Strategic Advanced Programs and Technology. He will report directly to Heidi Wood, SVP for Corporate Strategy and Technology. Previously, Stackley served as Assistant Secretary of the Navy and an advisor to the Under Secretary of Defense.
$AKAM announced the appointment of Fari Ebrahimi as SVP and Chief Information Officer, effective immediately. Mr. Ebrahimi succeeds Kumud Kalia and he will report to CEO Dr. Tom Leighton. Mr. Ebrahimi joins $AKAM from Avaya. He will be based in $AKAM’s corporate headquarters in Cambridge, Massachusetts.
Technology solutions provider $LDOS has named Matt Wiles head of its UK operations. Wiles, who has been serving Leidos as SVP and Managing Director, had retired as Air Vice-Marshal from the Royal Air Force. Earlier, he served Serco in various roles, including Partnership Director for the Atomic Weapons Establishment and Managing Director, Defence.
$LDOS was awarded a prime contract by the Naval Surface Warfare Center Carderock Division to support the Southeast Alaska Measurement Facility signature silencing program. The single-award, cost-plus fixed-fee, indefinite-delivery/indefinite-quantity contract has a five year period of performance and a total contract value of approx. $42MM.
Diversified technology company $LLL has named John Feren VP of Business Development and Marketing, Commercial Aviation. He will be reporting to SVP Todd Gautier. Previously, Feren had served Aviation Capital Group as EVP and Head of Global Strategy & Development. Prior to that, he held various key roles in Boeing Company.
$ETFC said net new brokerage assets were $1.5Bil in November, 2017. During the month, customer security holdings increased by $6.8Bil, and brokerage-related cash increased by $0.3Bil to $53.1Bil. Customer margin balances increased $0.5Bil, ending the month at $8.9Bil. Customers were net buyers of approx. $1.6Bil in securities during the month.