The private equity firm brings in a veteran of the US government at a time when more PE firms are getting into federal services businesses.
The technology companys buy is its fifth in three years, in part thanks to its One Equity backing.
The IT services firm expands its competencies by acquiring the pay and claims processor.
Dealmaking in the payment processing space continues to be frothy in 2010 as private equity firms pile into consolidation plays.
Increasingly, private equity has made plays in communications infrastructure projects.
While the payment processing space has taken its lumps, a number of groups are looking to take advantage of the disruption.
As the Troubled Asset Relief Program winds down, deal pros assess the impact.
Deals for frozen foods pick up as the broader sector consolidates, plus other news deal pros are talking about.
Anjan Thakor says the competing values framework can identify the cultural mismatches that are more likely to lead to unsuccessful mergers.
Private equity contraction is going to become a reality, but it won't be as simple as sponsors merging or disappearing.