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HUD Awards $10 Million Software Contract to RS Information Systems.

Business Editors

MCLEAN, Va.--(BUSINESS WIRE)--Jan. 3, 2003

RS Information Systems (RSIS) has been awarded a $10 million contract to provide software development and systems maintenance support for the U.S. Department of Housing and Urban Development, (HUD), the company announced today.

The company's work will support systems operated by the Real Estate Assessment Center (REAC) in HUD's Office of Public and Indian Housing. REAC monitors and assesses the condition of properties in which HUD has an interest as well as the performance of those that manage or own HUD properties.

"The software development by RSIS and our partners will support the physical assessment subsystem that tracks the condition of public housing and multi-family housing properties," said Rodney P. Hunt, RSIS president and CEO.

The three-year contract was awarded competitively through STATUS, a U.S. Department of Transportation contract vehicle. RSIS' partners are Bearing Point, of McLean, and Quality Software Services, Inc. of Rockville, Md.

RSIS provides information technology, systems engineering and technical assistance, telecommunications services, scientific support services, and management consulting to a wide range of government agencies and commercial clients.

A privately held, African American-owned company, RSIS has 1400 employees, 65 percent of whom are women, minorities and veterans. Revenues doubled to $140 million in 2001 and rose to more than $185 million in 2002. In addition, RSIS presently holds funded contracts valued in excess of $600 million in future revenues.

Washington Technology places RSIS 50th among the Top 100 federal IT contractors nationally based on revenue. A Black Enterprise study lists RSIS as the largest African American-owned company in the Washington, DC region and the fifth fastest growing African American company in the country.

Recipient last year of the U.S. Department of Transportation Minority Business Enterprise Award, U.S. Small Business Administration Administrator's Award of Excellence and the Bureau of Alcohol, Tobacco and Firearms Award of Excellence, RSIS has received the American Business Ethics Award of the Financial Services Professionals, has been named NASA's Minority Contractor of the Year, and was co-developer of NASA Software of the Year in 2001.

More information on the company is available at
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 3, 2003
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