SRA Sells Constella Futures LLC
September 02 2008 - 9:00AM
PR Newswire (US)
FAIRFAX, Va., Sept. 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 sold Constella Futures LLC to a group of
private investors led by former Constella Group Chairman & CEO
Donald A. Holzworth. As part of the transaction, SRA Vice President
and Deputy Director of the Global Health Sector, Chris A. LeGrand
will move to Constella Futures to serve as its CEO. Constella
Futures was an independent company owned within the Constella
Group, a global professional health services company, acquired by
SRA in August 2007. "We believe Constella Futures, as a standalone
business, has greater opportunity to pursue a wider range of
initiatives that align with its founding mission," said SRA
President & CEO Stan Sloane. Constella Futures LLC works with
government agencies, foundations and corporations around the world
to design and implement public health and social programs in
developing countries. Its staff of more than 300 provides a wide
range of strategic consulting services with specialized domain
expertise in HIV/AIDS, infectious disease, maternal and child
health, and family planning and reproductive health. "I am excited
to once again be part of the Futures team," said LeGrand. "I am
honored to lead Constella Futures and work with them as we fulfill
our international development mission to make a positive impact on
human health." The transaction is effective immediately. Financial
terms of the deal were not disclosed. 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
more than 6,800 employees serve clients from its headquarters in
Fairfax, Virginia, 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 about the estimated
value of the contract and work to be performed, and other
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 September 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 September 2,
2008. DATASOURCE: SRA International, Inc. CONTACT: Sheila S.
Blackwell, Vice President, Communications & Public Affairs,
+1-703-227-8345, , or David Keffer, Vice President, Investor
Relations, +1-703-502-7731, , both of SRA International, Inc. Web
site: http://www.sra.com/
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