DRC's Merger With High Performance Technologies, Inc. Named 'Deal of the Year' by Washington Technology
14 Fevereiro 2012 - 11:00AM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, science and
technology solutions to federal and state governments, was
recognized as the top mid-size 'Deal of the Year' award for the
company's 2011 merger with High Performance Technologies, Inc.
(HPTi) by Washington Technology magazine.
A key driver behind the merger and the award was the overall
market alignment of HPTi's expertise with DRC's strategy with
eighty percent of the business concentrated in the high growth
markets targeted by DRC including healthcare, cybersecurity,
intelligence and homeland security.
"The DRC - HPTi merger has transformed our company," said Jim
Regan, DRC's chairman and chief executive officer. "The merger has
more than doubled our new business pipeline and expanded our prime
contract bidding opportunities, sharply increased our penetration
in federal growth markets such as health and federal financial
agencies, and tremendously strengthened our capabilities in
high-demand areas such as cloud computing, high-performance
computing, systems engineering, health informatics, science and
technology, and data analytics.
Since 2004, Washington Technology magazine has been partnering
with leading analysts and M&A experts to compile a roundup of
the year's M&A transactions. The top deals are selected
according to the effects on the companies and market in addition to
what the deals indicate about prevailing trends.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management consulting, engineering, science
and technology solutions. DRC offers the capabilities of a
large company and the responsiveness of a small company, backed by
a history of excellence and customer satisfaction. Founded in
1955, DRC is a publicly held corporation (Nasdaq:DRCO) and
maintains more than 25 offices nationwide with major offices in
Andover, Massachusetts and the Washington, D.C. region. For
more information, please visit our website at www.drc.com.
Safe harbor statements under the Private Securities Litigation
Reform Act of 1995: Some statements contained or implied in this
news release, may be considered forward-looking statements, which
by their nature are uncertain. Consequently, actual results could
materially differ. For more detailed information concerning how
risks and uncertainties could affect the company's financial
results, please refer to DRC's most recent filings with the SEC.
The company assumes no obligation to update any forward-looking
information.
CONTACT: Investors: Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media: Duyen "Jen" Truong
Sage Communications (for DRC)
703.584.5645
dtruong@aboutsage.com
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