Powerhouse tech companies merge.Top black banks and advertising agencies have achieved growth by acquiring one another, but buyouts between BE 100s industrial/service companies are less common. Two veteran Alexandria Alexandria, city, Egypt Alexandria, Arabic Al Iskandariyah, city (1996 pop. 3,328,196), N Egypt, on the Mediterranean Sea. It is at the western extremity of the Nile River delta, situated on a narrow isthmus between the sea and Lake Mareotis (Maryut). , Virginia-based high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. firms, however, have joined forces to get a jump on the homeland defense contracting market. Dimensions International (No. 49 on the BE INDUSTRIAL/ SERVICE 100 list with $75.4 million in sales) has acquired SENTEL Corp. (No. 73 on the BE INDUSTRIAL/SERVICE 100 list with $43 million in sales), enabling each to bid on work they previously passed up. Terms of the deal were not disclosed. SENTEL is an engineering and software company that builds networked systems that collect biological, chemical, and nuclear contamination data from remote sensors--an antiterrorism an·ti·ter·ror·ist adj. Intended to prevent or counteract terrorism; counterterror: antiterrorist measures. an capability in very high demand. Its technology guards military bases, government buildings, stadiums, subways, bridges, and tunnels. SENTEL is already very strong in the Air Force, Navy, and other defense agencies, whereas Dl's clients include the U.S. military, federal agencies, and commercial and industrial companies. As an information technology logistics company, DI is best known for its Flight Explorer subsidiary, which tracked commercial aircraft and was the predominant pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. service used by news agencies during the Sept. 11 attacks. DI was started in 1985 by Dr. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. L. Wright. Since March 2003, it has been led by the founder's son, Russell Russell, English noble family. It first appeared prominently in the reign of Henry VIII when John Russell, 1st earl of Bedford, 1486?–1555, rose to military and diplomatic importance. T. Wright, 37. Wright will remain as 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 the merged company. SENTEL was co-founded in 1987 by James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. F. Garrett, who will now be president of the SENTEL division. Dl's sales grew 13.7% from 2002 to 2003, and it climbed five spots in its BE 100s ranking. SENTEL's sales increased 14.7%, jumping nine places higher on the list. "We'd be looking forward to doing some additional acquisitions," Wright said. He wouldn't divulge financial details of a similar deal, but did indicate, "Dl's got a goal of $300 million at some point in this decade." Wright thinks that's the "sweet spot" for a Beltway technology contractor, not so much for reaching higher into the 7% to 15% profit margin, but because having a larger presence among government clients wins jobs and boosts market share. At the start of negotiations, Wright and Garrett required that there be zero layoffs among Dl's 600 and SENTEL's 300-plus employees. SENTEL's 14 field activities and DI's 70 worldwide locations also remain intact. |
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