DCS Corp to Acquire Infoscitex Corporation
ALEXANDRIA, Va., Aug. 9, 2012 /PRNewswire-USNewswire/ -- DCS Corp has signed a definitive agreement to acquire all of the stock of Infoscitex Corporation (IST), which will become a wholly owned subsidiary of DCS upon the closing of the transaction. IST, headquartered in Waltham, Massachusetts, is a privately held company with key service offerings in modeling, simulation and analysis, human biodynamics research, advanced manned and unmanned air vehicle systems, material science solutions, software development, and cyber-domain techniques.
"IST has proven capabilities supporting the Department of Defense and the intelligence community," said James T. Wood, DCS Chairman and Chief Executive Officer. "We welcome the opportunity to strategically expand our customer base through this acquisition. Both companies share similar cultures that promote employee growth and empowerment, which we believe will be an asset to our integration process. We are delighted to have IST join our team."
"Joining DCS will enhance our service offerings to existing and new customers while providing opportunities to IST employees," said Stuart S. Haber, Chief Executive Officer of IST. "We look forward to being part of the DCS team and contributing to shared successes going forward."
IST employs more than 100 employees and operates out of two principal offices in Waltham, Massachusetts and Dayton, Ohio. The acquisition is expected to close on or about August 31, 2012.
About DCS Corp
DCS Corporation offers advanced technology and management solutions to Government agencies in the national security sector. The transformative ideas and entrepreneurial spirit that characterize our nearly 800 employee-owners allow DCS Corp to ensure the success of each client's mission and actively contribute to the well being of the Nation. For more information, please visit: www.dcscorp.com.
SOURCE DCS Corporation
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