Veritas and Peraton’s Acquisition of ViON’s AaS Business

Covington & Burling and Milbank advised Veritas Capital and its portfolio company, Peraton, on the deal.

Veritas Capital and its portfolio company, Peraton, announced the acquisition of the as-a-service (aaS) business of ViON Corporation.

The deal enhances Peraton’s offerings in the design, delivery, and governance of critical IT infrastructure for its government customers. The agreement adds key leaders, cleared employees, and contracts across the U.S. Department of Defense, civilian agencies, and state governments.

Veritas is a longstanding technology investor with a focus on companies operating at the intersection of technology and government. Peraton, the world’s leading mission capability integrator and transformative enterprise IT provider, is a valued partner to essential government agencies across the intelligence, space, cyber, defense, civilian, health, and state and local markets.

The Covington team was led by partner Scott Freling (Picture) and special counsels Alex Hastings and Nooree Lee. Other members of the Covington team include Victoria Barnard, Dan Farnoly and Sarah Shepson (government contracts); Ashden Fein and Ryan Burnette (cybersecurity); Heather Finstuen (national security); Steve Bartenstein, and Blake Hulnick (trade controls); and Mona Patel (anticorruption).

The Milbank deal team was led by Global Corporate partner Richard Presutti, along with associate Lowell Dyer. The team also included Global Capital Markets partner Antonio Diaz-Albertini, Executive Compensation and Employee Benefits partner Mike Shah and Tax partner Max Goodman.

Involved fees earner: Victoria Barnard – Covington & Burling LLP; Stephen Bartenstein – Covington & Burling LLP; Ryan Burnette – Covington & Burling LLP; Daniel Farnoly – Covington & Burling LLP; Ashden Fein – Covington & Burling LLP; Heather Finstuen – Covington & Burling LLP; Scott Freling – Covington & Burling LLP; Alexander Hastings – Covington & Burling LLP; Blake Hulnick – Covington & Burling LLP; Nooree Lee – Covington & Burling LLP; Mona Patel – Covington & Burling LLP; Sarah Shepson – Covington & Burling LLP; Antonio Diaz-Albertini – Milbank LLP; Lowell Dyer – Milbank LLP; Max Goodman – Milbank LLP; Richard Presutti – Milbank LLP; Mike Shah – Milbank LLP;

Law Firms: Covington & Burling LLP; Milbank LLP;

Clients: Peraton; Veritas Capital ;

Author: Martina Bellini