also oversees the Marine Corps Systems Command (MARCORSYSCOM) at Marine Corps Base Quantico, Virginia.
Other significant events for the Company included: * Fifth acquisition, MATCOM
, successfully closed and integrated within SI International.
Prior to the sale to SI, MATCOM
was owned by DFW Capital Partners, Westbury Equity Partners, and the management of MATCOM
We expect that the acquisition of MATCOM
, combined with continued strong organic growth, will set us up for positive trends in sales and profitability in 2004.
Established in 1983, MATCOM has approximately 500 employees with 10 primary office locations nationwide and two international locations.
MATCOM brings us a complementary set of customers within both the Federal Government civilian agencies and the Department of Defense, and offers meaningful cross-selling opportunities.
Under the terms of the agreement, SI International acquired MATCOM for $65.
Established in 1983, MATCOM offers information technology and engineering solutions to the federal government in areas such as software development, enterprise systems, homeland defense engineering and technical services, tactical links integration and training, and integrated logistics support.
We welcome the highly-talented employees of MATCOM into the SI International organization," said Ray Oleson, Chairman and CEO of SI International.
may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties, including the following risks and uncertainties that relate specifically to the acquisition: (i) the risk that the MATCOM businesses will not be integrated successfully into SI International; (ii) the risk that the expected benefits of the acquisition may not be realized, including the realization of accretive effects from the acquisition; and (iii) SI International's increased indebtedness after the acquisition.
an information technology, network solutions, and systems engineering (IT) company, announced today that it has signed a definitive agreement to acquire MATCOM International Corporation.
Commenting on the acquisition, Louis Ray, MATCOM President and CEO said, "SI International is the perfect fit for our customers and employees.