BTG Completes Purchase Of SSDS Assets.Business Editors/High Tech Writers FAIRFAX, Va.--(BUSINESS WIRE)--April 19, 2000 BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group , Inc. (Nasdaq: BTGI), an information systems and technical services company, announced that it has finalized the agreement with SSDS SSDS SQL Server Data Services SSDS Ship Self Defense System SSDS Space Science Data System (NASA) SSDS Sudden Sniffing Death Syndrome SSDS Secure Software Distribution System SSDS Sexual Self-Disclosure Scale , Inc. of Colorado, to purchase the net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of SSDS' enterprise network solutions division. Under the terms of the agreement, BTG purchased the net assets of the division for approximately $14 million. The combined company will have 1,600 employees working throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. BTG 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. Ed Bersoff said: "The combined experience and qualifications of our highly skilled employees will give our customers a support group that is among the best in the industry." In particular, he said, the purchase expands the range of services and repeatable solutions the company offers in information assurance, technologies in schools, and Microsoft(1) and Remedy(1) applications. -- SSDS' network security expertise adds depth to BTG's information assurance services Assurance services have been defined by the American Institute of Certified Public Accountants (AICPA) as 'Independent Professional Services that improve information quality or its context'. , which include vulnerability identification, infrastructure security assessments, and the design and implementation of information and infrastructure security solutions to government and commercial organizations. -- The companies' combined experience in technologies in schools will expand BTG's national practice, which offers complete information technology solutions to local school districts. -- Both BTG and SSDS are Microsoft Solutions Providers and Partners; SSDS is one of the companies participating in Microsoft's Windows 2000 Rapid Deployment Program. SSDS is also a systems integration partner of Remedy Corporation, an industry leader in enterprise applications for government and private business. SSDS has a large number of Remedy Authorized Consultants (RACs) who provide consulting, customization and integration for Remedy-based solutions. BTG is an information systems and technical services firm that provides solutions to complex information technology issues for government and commercial clients. The company specializes in intelligence systems, knowledge management, and information and network security. More information about BTG is available on the Web at http://www.btg.com , by e-mail at info@btg.com, or by calling 703-383-8000. (1)The names of other corporations may be trademarks of their respective owners and are used for identification only, without intent to infringe. "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. " Statement 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: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties are described in the Company's Securities and Exchange Commission filings. |
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