Houlihan Lokey Advises ViON Corp.

Houlihan Lokey is pleased to announce that ViON Corp. has divested its as-a-Service (aaS) business to Peraton, a portfolio company of Veritas Capital. The transaction closed on September 21, 2021.

Founded in 1980 and based in Herndon, Virginia, ViON is a solutions provider with a deep technology portfolio, including high performance computing, storage, compute, network, and artificial intelligence. Enterprise customers have utilized the ViON Infrastructure as-a-Service (IaaS) and direct purchase delivery models to accelerate IT modernization. The company specializes in designing, delivering, and maintaining IT infrastructure for enterprise organizations, from the data centers to the edge throughout the federal government, public sector, and commercial markets. The company’s IaaS business is a pioneer in the development and delivery of “consumption-based” enterprise IT aaS for customers that require high data/computing needs such as DISA, NIH, USPTO, and classified customers. Moreover, the company has developed a proprietary ViON MarketPlace® platform that enables customers to procure and manage their IaaS solutions from end to end across multiple OEMs with a single secure interface. ViON combines managed services with its proprietary technology suite that leverages technology and workforce requirements for customers.

Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world’s leading mission capability integrator and transformative enterprise IT provider, Peraton delivers trusted and highly differentiated national security solutions and technologies that keep people safe and secure. Peraton serves as a valued partner to essential government agencies across the intelligence, space, cyber, defense, civilian, health, and state and local markets. Every day, its employees do the "can’t be done," solving the most daunting challenges facing its customers.

Veritas is a longstanding technology investor with a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the healthcare, national security, software, education, aerospace and defense, government services, communications, and energy industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.

Houlihan Lokey served as the exclusive financial advisor and marketed, structured, and negotiated the transaction on behalf of ViON.

Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies. Since 2020, the team has closed more than 40 transactions worth nearly $9 billion in enterprise value. The ViON transaction announcement marks the 20th ADG deal so far this year. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2020, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.