Veritas Closes PGS Purchase

Veritas Capital Partners has completed its acquisition of Pearson Government Solutions (PGS) from Pearson PLC for $600 million. Pearson retained a minority interest in PGS (to be renamed Vangent), an Arlington, Va.-based provider of information and benefits solutions to national and local governments, education institutions and corporations. PGS will be renamed early next year. www.veritascapital.com www.pearson.com