Anteon Acquires Techmatics, Inc.FAIRFAX, Va.--(BUSINESS WIRE)--May 13, 1998--Anteon Corporation announced today the signing of a definitive agreement for the acquisition of Techmatics, Inc. Headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , Techmatics provides professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to a broad and diverse base of government and commercial customers. The company has over 800 employees and estimates fiscal 1998 revenue at $70 million dollars. With the acquisition, which is expected to be completed at the end of this month, Anteon will have more than 2,300 employees and an estimated annual revenue of over $270 million. Founded in 1982, Techmatics, with a compound annual revenue growth rate of approximately 20% over the last decade, has been cited as one of the fastest growing technology companies in the federal services industry. Within the general field of engineering and information technology services, Techmatics provides specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. support in a number of areas including: Systems Integration; Information Systems; Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. ; Systems Engineering; Material Management; Test and Evaluation; Defense Operations; Crisis Response; Training; and International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . A key customer is the Department of Defense, for which Techmatics provides engineering services in a number of mission-critical programs. Joseph M. Kampf, Anteon President 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. stated, "Acquisition of carefully selected companies is a key element of our corporate strategic plan and the acquisition of Techmatics, along with our acquisition of Vector Data Systems in late 1997, is a major milestone in aggressively implementing our plan." "Joe Maurelli, President and CEO of Techmatics, and I are excited about the future because of the synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. created and the compatibility of our business cultures. Like Anteon, Techmatics is a visionary, solutions-oriented company. This is a company that has earned a well-deserved reputation in the industry for innovative solutions, superior work and cost-effective results." "I foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. a very smooth transition." Maurelli commented, "Our long term goal has been to become the premier provider of engineering services to our clients; as an integrated member of "Team" Anteon, we will achieve that goal. I see this as a win/win development for both Anteon and Techmatics." Anteon Corporation, headquartered in Fairfax, Virginia, is a technology and engineering services company supporting the federal government and commercial and international sectors from over 40 offices worldwide. CONTACT: Anteon Corporation Tom Howell, 703/246-0525 e-mail: Thowell@anteon.com |
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