RS Information Systems, to be Acquired by Wyle Labs
December 3, 2007
For Immediate Release--------------------------
McLean, VA, December 3, 2007 – RS Information Systems (RSIS), provider of advanced technical and business solutions in information technology, systems engineering, scientific support, and management consulting, announced today that it has agreed to be acquired by Wyle of El Segundo, California. Terms of the transaction, which is expected to close early in 2008, were not disclosed. Stifel, Nicolaus & Company, Inc. acted as exclusive financial advisor to RS Information Systems.
In RSIS, Wyle has found a partner that diversifies and expands its capabilities and customer base. As a premier IT contractor to the federal government, RSIS was a natural choice for Wyle to complement their Defense and NASA service offerings and move into the civilian agency arena.
“We are very excited about becoming part of Wyle,” said Rodney Hunt, RSIS CEO and president, as well as its founder. “Like RSIS, Wyle has a strong, mission‐oriented culture and will provide leadership and resources to leverage RSIS strengths for the benefit of Wyle, our customers and our employees.”
RS Information Systems will become Wyle’s fourth strategic business unit. The acquisition of RSIS is expected to increase Wyle’s 2008 annual revenues to approximately $800 million and the number of employees to more than 4,200.
“This is an important addition to Wyle’s business portfolio as we continue to grow the company,” said George Melton, Wyle Chairman, CEO and president. “While we have some major contracts in the information technology field, this acquisition will enable Wyle to significantly broaden its presence in the information technology services sector and add ey new contracts and customers that will complement our current client base. This acquisition makes Wyle a major federal information technology provider with a major presence in Washington, DC.
Wyle, a privately held company, is a leading provider of high tech aerospace engineering, testing and research services to government and industrial customers. The company also provides life sciences services, special test systems and other technical support services to the aerospace, defense, nuclear power, communications and transportation industries.
RS Information Systems is focused on information technology and systems integration services. With more than 100 prime contracts with defense, federal civilian and law enforcement agencies, it has more than 1,400 employees at 10 offices and more than 50 customer sites.
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