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Columbia cyber firm acquired by government contracting giant in deal worth up to $200M

September 6, 2023

Columbia cyber company Sealing Technologies Inc. is now part of one of the country’s largest government contractors after a deal worth up to $200 million. Centreville, Virginia-based Parsons Corp. (NYSE: PSN) hopes to leverage Sealing Tech’s expertise to boost its artificial intelligence products, add new government clients and establish a stronger foothold in the expanding cybersecurity industry. Sealing Tech will be a standalone subsidiary within Parsons.

Article Source: Baltimore Business Journal

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