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July 07, 2008
SRA Acquires Interface & Control Systems
By Raju Shanbhag, TMCnet ContributorIn a bid to enhance its product capabilities, SRA International (News - Alert), a provider of technology and strategic consulting services and solutions to government organizations, has announced it has acquired Interface & Control Systems (ICS).
ICS is a product development and engineering services firm specializing in real-time, embedded and autonomous command and control software systems for space applications. Completion of the transaction is effective immediately. SC&H Capital represented ICS as their financial advisor in this transaction.
Financial terms of the acquisition were not disclosed.
With its Spacecraft Command Language, Remote Intelligent Monitoring, SensorMiner, Autonomous Tasking Engine and On-Orbit Checkout Engine products, ICS has built a track record of success. Its software is a key element of the National Aeronautics and Space Administration's (NASA) Constellation project and the Defense Department's tactical satellite (TAC-SAT) program. The company’s strategy of broadening its product and service offerings while expanding operating margins is further enhanced by the acquisition of ICS.
ICS is a developer of integrated ground and flight autonomous command and control software and services for government and commercial mission-critical projects. SRA's National Security Sector will now have ICS’ Intelligence and Space Strategic Business Unit (SBU).
SRA is looking to strengthen its position in a strategically significant market segment with ICS' domain expertise in autonomous command and control.
“By combining our unique product offerings with SRA's resources and service capabilities, we will deliver more value to our customers, further enhance our market leadership, and offer new career opportunities for our employees”, said ICS President and CEO Jay Offutt. “We are excited to join this organization given its stellar reputation in the marketplace, commitment to service excellence and track record of success. ICS' products will help to expand SRA's market presence in areas of vital interest to the company and its customers.”
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
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