Acquisitions: GTT Communications, a McLean provider of cloud networking services, announced two deals in recent days. On June 20, it said it agreed to pay $37.5 million for Perseus, a company that sells highspeed connections to financial and e-commerce companies. Six days later, it announced the purchase of cloud services company Global Capacity for $100 million and 1.85 million shares of GTT stock. Going public: Vencore, a Chantillybased government IT services company, filed plans for an initial public offering to raise up to $250 million. Vencore plans to trade on the New York Stock Exchange under the ticker VNCR. New at the top: Harris Corp.’s former government services business is preparing to relaunch under a new brand. Until then, the spinoff, now called MHVC Acquisition Corp., is putting its leadership team in place. New chief executive Stu Shea named Jeremy Wensinger chief operating officer, James Winner general counsel and Robert Giannetta chief information officer — all former executives in the national security sector.
“To see a turnaround [in business investment] in the fourth quarter and to continue that even at a strong rate in the first quarter to me is a very positive signal for the economy going forward in 2017.”
Andy Bauer, senior regional economist at the Baltimore branch of the Richmond Fed, offering his outlook for the U.S. economy in a recent presentation before the Society of Financial Service Professionals in Arlington