CHANTILLY, Va., April 22, 2014 /PRNewswire/ -- The SI
Organization, Inc. (the SI) announced today that it has signed a
definitive agreement to acquire QinetiQ North America Services and
Solutions Group (QNA/SSG), a leading provider of differentiated,
engineering services and solutions to the U.S. Federal Government.
The combination of the SI and QNA/SSG brings together two
highly complementary companies, each a recognized leader in systems
engineering and integration, engineering services and solutions,
and creates an organization uniquely qualified to meet the market
demand for technology-enabled offerings in the areas of cyber
security, analytics, software development and IT solutions. This
transaction will create a geographically dispersed organization of
4,800 employees with revenue of approximately $1.3 billion from across a broad spectrum of
government customers.
Based in Reston, Virginia,
QNA/SSG delivers world-class technology, responsive services, and
innovative solutions focusing on the U.S. Government. Its 2,800
engineers, scientists, and other professionals deliver high quality
services and solutions that leverage detailed mission knowledge and
proven, reliable tools and methodologies to meet the rapidly
changing demands of national defense, homeland security, and
NASA.
"The acquisition of QNA/SSG accelerates the SI's vision to be a
leader in the design, development, integration and operation of
complex, mission-critical information systems across the
government. This transaction creates an opportunity to greatly
scale our presence in market adjacencies such as DoD, DHS, NASA and
federal civilian agencies. QinetiQ North America SSG has an
exceptional, customer-focused team and we are excited to welcome
them to the SI's family," said Mac
Curtis, CEO of the SI.
The transaction is subject to customary closing conditions,
including the receipt of regulatory approvals in the U.S. The
transaction is expected to close in the second quarter of this
year.
About The SI Organization
The SI is a leading provider of high impact, analytical and
technical expertise solving the U.S. Governments' most complex and
significant problems. The company has 40 years of experience
successfully delivering mission-critical information solutions
leveraging core strengths in systems engineering and integration,
analytics and cyber. The SI, headquartered in Chantilly, Virginia, employs approximately
2,000 engineers, analysts, IT specialists, and other professionals
who strive to be the best at everything they do. For more
information, visit www.thesiorg.com.
About QinetiQ North America
QNA is a subsidiary of QinetiQ Group PLC, the FTSE250 company
listed on the London Stock Exchange (LSE: QQ.L). Operating in
North America, QNA delivers
world-class technology, responsive services, and innovative
solutions for global markets, focusing on U.S. Government and
commercial customers. Its engineers, scientists, and other
professionals deliver high quality products and services that
leverage detailed mission knowledge and proven, reliable tools and
methodologies to meet the rapidly changing demands of national
defense, homeland security, and information assurance customers.
QNA is headquartered in Reston,
Virginia. For more information, visit
www.qinetiq-na.com.
SOURCE The SI Organization, Inc.