Signature Consultants, LLC, has Agreed to Sell its Signature Government Solutions Unit to GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)
Poster: SySAdmin
Posted on November 5, 2010 at 11:28:01 AM
Signature Consultants, LLC, has Agreed to Sell its Signature Government Solutions Unit to GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)
FT. LAUDERDALE, Fla., Nov. 5, 2010 /PRNewswire/ -- Headquartered in Herndon, VA, Signature Government Solutions, LLC is a leading provider of sophisticated information technology and intelligence analysis services to support mission critical US Intelligence Community programs. Signature Government Solutions was established in 2003 as a division of Signature Consultants, LLC and became a stand-alone legal entity in September 2009. Signature Government Solutions has grown rapidly since inception and has a broad customer base within the intelligence community. All of its direct employees hold TS/SCI security clearances. (http://www.signaturegs.com)
Jay Cohen, President & CEO of Signature Consultants, commented... "After initial discussions with management and overwhelming interest by several potential buyers, Signature agreed to explore a potential sale with the help of an investment bank that specializes in the federal contracting market and the intelligence community space."
Dr. Cohen continued, "GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) is a strategic and natural fit for Signature Government Solutions as it shares the same passion and commitment to the critical IT, cyber security and intelligence analysis needs of our intelligence community clients. We are excited about the future opportunities this provides both Signature Government Solutions and Signature Consultants clients, consultants and staff."
"I am very proud of our team - of their hard work and dedication in building a great government practice," said Cohen. "I am particularly excited that the model we established when we founded our company will bear fruit for those who helped build this unit. Accordingly, these individuals will directly benefit as partners upon sale. Looking forward, we will continue to leverage this model within Signature Consultants as it has been a key success factor and has helped achieve record growth for our company for the past 14 years."
The McLean Group, LLC acted as the exclusive financial advisor to Signature Government Solutions, LLC on this transaction.
About Signature Consultants, LLC
Signature Consultants is privately held and is one of the fastest growing IT Staffing firms in the United States. Currently the 26th largest IT staffing firm in the U.S., Signature is an industry-leading provider of IT staff augmentation solutions. The vast majority of Signature's core business exists in the civilian and commercial markets. Each of our offices specializes in the recruitment of IT staffing professionals with critical, in-demand information technology skills.
Signature also provides management consulting and technology solutions that complement the staffing services provided to Signature's customers. Signature partners with clients to deliver consulting solutions surrounding Technology, Process, and Change initiatives where Signature shares in the risk and responsibility for solution delivery. (http://www.sigconsult.com)
About GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)
GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) provides mission-critical, technology-based, systems, solutions, and services for national security agencies and programs of the U.S. government. GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)'s services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) at http://www.gtec-inc.com.
SOURCE Signature Consultants
Signature Consultants
CONTACT: Larry Nabatoff, +1-704-333-6205, larry@nabatoffgroup.com
Web Site: http://www.sigconsult.com
FT. LAUDERDALE, Fla., Nov. 5, 2010 /PRNewswire/ -- Headquartered in Herndon, VA, Signature Government Solutions, LLC is a leading provider of sophisticated information technology and intelligence analysis services to support mission critical US Intelligence Community programs. Signature Government Solutions was established in 2003 as a division of Signature Consultants, LLC and became a stand-alone legal entity in September 2009. Signature Government Solutions has grown rapidly since inception and has a broad customer base within the intelligence community. All of its direct employees hold TS/SCI security clearances. (http://www.signaturegs.com)
Jay Cohen, President & CEO of Signature Consultants, commented... "After initial discussions with management and overwhelming interest by several potential buyers, Signature agreed to explore a potential sale with the help of an investment bank that specializes in the federal contracting market and the intelligence community space."
Dr. Cohen continued, "GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) is a strategic and natural fit for Signature Government Solutions as it shares the same passion and commitment to the critical IT, cyber security and intelligence analysis needs of our intelligence community clients. We are excited about the future opportunities this provides both Signature Government Solutions and Signature Consultants clients, consultants and staff."
"I am very proud of our team - of their hard work and dedication in building a great government practice," said Cohen. "I am particularly excited that the model we established when we founded our company will bear fruit for those who helped build this unit. Accordingly, these individuals will directly benefit as partners upon sale. Looking forward, we will continue to leverage this model within Signature Consultants as it has been a key success factor and has helped achieve record growth for our company for the past 14 years."
The McLean Group, LLC acted as the exclusive financial advisor to Signature Government Solutions, LLC on this transaction.
About Signature Consultants, LLC
Signature Consultants is privately held and is one of the fastest growing IT Staffing firms in the United States. Currently the 26th largest IT staffing firm in the U.S., Signature is an industry-leading provider of IT staff augmentation solutions. The vast majority of Signature's core business exists in the civilian and commercial markets. Each of our offices specializes in the recruitment of IT staffing professionals with critical, in-demand information technology skills.
Signature also provides management consulting and technology solutions that complement the staffing services provided to Signature's customers. Signature partners with clients to deliver consulting solutions surrounding Technology, Process, and Change initiatives where Signature shares in the risk and responsibility for solution delivery. (http://www.sigconsult.com)
About GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)
GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) provides mission-critical, technology-based, systems, solutions, and services for national security agencies and programs of the U.S. government. GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC)'s services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. (GTEC) at http://www.gtec-inc.com.
SOURCE Signature Consultants
Signature Consultants
CONTACT: Larry Nabatoff, +1-704-333-6205, larry@nabatoffgroup.com
Web Site: http://www.sigconsult.com