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PwC Selling Government Consulting Practice for $500 Million?

PwC is seeking to sell its government consulting business, and the price tag could be about $500 million, Reuters reports.

Potential bidders include private equity firms Veritas and Dearborn Partners, the report suggested. ChannelE2E has not independently confirmed the report.

Updated February 14, 2018: Veritas Capital has acquired PwC's U.S. Public Sector Business.

PwC's U.S. Public Sector practice helps federal, state, and local governments solve business issues, manage risk and add value in financial management, program management, operations improvement, and security and data management, the company's Website claims. Key areas of IT focus involve Salesforce deployments.

PwC may sell off the government consulting business to eliminate potential conflicts of interest with the company's audit arm -- where government opportunities also are growing rapidly.

Multiple M&A deals have unfolded in the government IT services market this year. Example deals include:

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.