Veritas Capital Partners has agreed to acquire Arlington, Va.-based Pearson Government Solutions (PGS) from Pearson plc, the international media and education company, for $600 million. As part of the agreement Pearson plc will retain a minority interest in PGS. Pearson designs, builds and operates solutions to provide information, benefits and services to its clients’ customers. PGS will maintain its headquarters in Arlington, Virginia. In early 2007, the company will announce a new name. The transaction is subject to regulatory approval and is expected to be completed in early 2007.
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