SRA Acquires Interface & Control Systems, Inc.
July 02 2008 - 9:45AM
PR Newswire (US)
Autonomous command and control software developer enhances SRA's
product capabilities FAIRFAX, Va., July 2 /PRNewswire-FirstCall/ --
SRA International, Inc. (NYSE:SRX), a leading provider of
technology and strategic consulting services and solutions to
government organizations, today announced it has acquired Interface
& Control Systems, Inc., (ICS) a product development and
engineering services firm specializing in real-time, embedded and
autonomous command and control software systems for space
applications. Headquartered in Columbia, Md., ICS is a leading
developer of integrated ground and flight autonomous command and
control software and services for government and commercial
mission-critical projects. The company specializes in delivering
automation software for satellites, control centers, ground
stations, test sets, simulators and e-business systems. ICS has
built a track record of success with its Spacecraft Command
Language, Remote Intelligent Monitoring, SensorMiner, Autonomous
Tasking Engine and On-Orbit Checkout Engine products. Its software
is a key element of the National Aeronautics and Space
Administration's (NASA) Constellation project and the Defense
Department's tactical satellite (TAC-SAT) program. The acquisition
of ICS furthers SRA's strategy of broadening its product and
service offerings while expanding operating margins. "With ICS'
domain expertise in autonomous command and control, SRA strengthens
its position in a strategically significant market segment," said
SRA President and CEO Stan Sloane. "The ICS acquisition brings to
SRA an experienced management team, a highly specialized employee
base and valuable intellectual property." "By combining our unique
product offerings with SRA's resources and service capabilities, we
will deliver more value to our customers, further enhance our
market leadership, and offer new career opportunities for our
employees," said ICS President and CEO Jay Offutt. "We are excited
to join this organization given its stellar reputation in the
marketplace, commitment to service excellence and track record of
success. ICS' products will help to expand SRA's market presence in
areas of vital interest to the company and its customers."
Completion of the transaction is effective immediately. ICS will
reside in the Intelligence and Space Strategic Business Unit (SBU)
within SRA's National Security Sector. Financial terms of the
acquisition were not disclosed. SC&H Capital represented ICS as
their financial advisor in this transaction. About Interface &
Control Systems, Inc. Founded in 1988, ICS is a product development
and engineering services firm specializing in real-time, embedded
and autonomous command and control software systems. ICS
specializes in automation software for satellites, control centers,
ground stations, testsets, simulators and e-business systems. ICS
engineers reliable, scalable solutions for real-time autonomous
command and control needs. ICS is the industry leader for command
and control solutions for Operationally Responsive Space needs, an
effort led by the Department of Defense Agent for Space and the
United States Strategic Command. NASA recently selected ICS as the
software provider for a number of command and control applications
in support of its Constellation program, a 20-year effort focused
on returning to the moon, and eventually reaching Mars. About SRA
International, Inc. SRA is a leading provider of technology and
strategic consulting services and solutions -- including systems
design, development, and integration; and outsourcing and managed
services -- to clients in national security, civil government, and
health care and public health markets. The company also delivers
business solutions for contingency and disaster response planning,
information assurance, business intelligence, environmental
strategies, enterprise architecture, infrastructure management, and
wireless integration. FORTUNE(R) magazine has chosen SRA as one of
the "100 Best Companies to Work For" for nine consecutive years.
The company's 6,400 employees serve clients from its headquarters
in Fairfax, Va., and offices around the world. For additional
information on SRA, please visit http://www.sra.com/. Any
statements in this press release about future expectations, plans,
and prospects for SRA, including statements containing the words
"estimates," "believes," "anticipates," "plans," "expects," "will,"
and similar expressions, constitute forward-looking statements
within the meaning of The Private Securities Litigation Reform Act
of 1995. Actual results may differ materially from those indicated
by such forward-looking statements. In addition, the
forward-looking statements included in this press release represent
our views as of July 2, 2008. We anticipate that subsequent events
and developments will cause our views to change. However, while we
may elect to update these forward-looking statements at some point
in the future, we specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to July 2, 2008.
DATASOURCE: SRA International, Inc. CONTACT: Media: Sheila S.
Blackwell, +1-703-227-8345, ; Investors: David Keffer,
+1-703-502-7731, , both of SRA International, Inc. Web site:
http://www.sra.com/
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