CSRA said today it has agreed to buy Praxis Engineering Technologies, an intelligence contractor, for $235 million in cash.
The Annapolis Junction, MD-based Praxis is a consulting firm focused on software and systems engineering applications, CSRA said. The company has more than 350 cleared employees, most of whom are software and systems engineers.
The acquisition is expected to close before the end of the year. Under the deal, Praxis would become a wholly owned subsidiary of CSRA.