Alion Acquires Washington Consulting, Inc.; Technology Solutions Firm Purchases IT and Management Consulting Services Provider.MCLEAN, Va. -- Fourth graph, first sentence of release: Dan Maguire is spelled Dan Maguire (sted Dan McGuire). The corrected release reads: ALION ACQUIRES WASHINGTON CONSULTING, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .; TECHNOLOGY SOLUTIONS FIRM PURCHASES IT AND MANAGEMENT CONSULTING Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects SERVICES PROVIDER Alion Science and Technology Alion Science and Technology (pronounced: ah-LYE-un) is an employee-owned technology solutions company delivering technical expertise and operational support to the Department of Defense, civilian government agencies and commercial customers. , a technology solutions provider for defense, civilian government and industry, today announced that it has acquired McLean-based Washington Consulting, Inc. (WCI WCI Western Climate Initiative WCI Wright Center of Innovation WCI Whale Conservation Institute WCI Waterloo Collegiate Institute WCI Warren Correctional Institution (Warren, OH) WCI Warrior Concepts International ). WCI provides enterprise IT and management consulting solutions and services to commercial and government customers. Terms of the deal, which was completed on February 24, 2006, were not disclosed. "This acquisition brings a terrific set of complementary capabilities to Alion," said Bahman Atefi, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alion. "We have provided enterprise IT and knowledge management solutions to our clients for years; Washington Consulting greatly expands our ability to deliver these services. In addition, their management consulting capabilities are an exciting new area for us that will let us bring even greater value to our customers," he stated. Randy Crawford Randy Crawford (born Veronica Crawford, February 18 1952, in Macon, Georgia), is a jazz and R&B singer. Career Crawford first polished her craft at club gigs from Cincinnati to Saint-Tropez, but made her name in mid 1970s in New York, where she sang with jazzmen George , Alion Senior Vice President and manager of the company's Engineering and Information Technology Sector, added, "Like Alion, WCI understands how to define problems and develop practical solutions in the most efficient, effective manner. Also, their management team is made up of experienced practice leaders from large integrators, so they bring a great understanding of the challenges that result from a rapidly changing business environment." WCI is led by J.P. Foley, a former Managing Director of Bearing Point, and Dan Maguire, a former Associate Partner at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Mr. Foley said that the acquisition was the logical next step in the company's progression. "We have grown very quickly and are ready to make use of the extensive resources that Alion offers. Together, we can successfully deliver large-scale enterprise and management solutions to government and commercial customers," he explained. Mr. Foley described how WCI's management solutions capabilities could enhance Alion's current support for customers in both the federal government and commercial markets. He cited Alion's current customers in the DoD, the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. and the commercial power industry as examples of organizations that are undergoing transformations to their business processes. WCI will operate as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alion and will continue to serve its existing customer base, which includes large companies in telecommunications, media and entertainment, associations, financial services and DoD and civilian government agencies. About Alion Science and Technology Alion Science and Technology is an employee-owned technology solutions company delivering technical expertise and operational support to the Department of Defense, civilian government agencies and commercial customers. Building on almost 70 years of R&D and engineering experience, Alion brings innovation and insight to multiple business areas: defense operations; modeling & simulation; wireless communication; industrial technology; chemical, biological, nuclear & environmental sciences; information technology; and naval architecture & marine engineering. Based in McLean, Virginia, Alion has more than 2600 employee-owners at major offices, customer sites and laboratories worldwide. For more information, call 877.771.6252 or visit Alion online at www.alionscience.com. This press release contains information about management's view of Alion's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of risk factors and uncertainties discussed in documents periodically filed by Alion with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. |
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