Roark Capital Group Acquires a Majority Interest in CyberCore Technologies Atlanta-based private equity firm partners with leading IT solutions

provider to the federal government



    ATLANTA, March 28 /PRNewswire/ -- Roark Capital Group, an Atlanta-based
 private equity firm, announces the acquisition of a controlling interest in
 CyberCore Technologies. CyberCore is a leading provider of information
 technology services to a variety of federal government agencies with a
 particular focus on intelligence and security including the Department of
 Homeland Security and the Defense Logistics Agency. The Company's IT
 services include systems integration, network planning and information
 assurance, and is also a supplier of hardware and software on behalf of
 original equipment manufacturers such as HP, Dell, Microsoft, Cisco
 Systems, Lexmark, and Sun Microsystems.
     Headquartered outside of Baltimore, Maryland, CyberCore has more than
 100 engineers who have the highest level of government security clearance
 (TS/SCI clearance). The Company's operations and distribution facility also
 has security clearance. CyberCore is currently a contractor on some of the
 largest federal IT contracts.
     "We are extremely excited about partnering with Roark Capital," said
 Kevin Powderly, co-founder and president of CyberCore Technologies. "Their
 operating experience and additional capital will enable us to grow faster,
 manage our business more effectively, and reach the next level sooner."
 Along with vice president John Powderly, Kevin will retain a significant
 equity ownership interest and continue to lead the company.
     CyberCore is Roark Capital's sixth platform acquisition in its current
 $413 million fund, which closed in March 2005.
     "CyberCore has an outstanding leadership team and tremendous growth
 prospects, both with current customers and with new agencies," said
 Lawrence J. DeAngelo, a Partner of Roark Capital Group.
     About Roark Capital Group
     Roark Capital Group is an Atlanta-based private equity firm that
 acquires majority positions in franchise, direct marketing, financial
 services, niche manufacturing, and service businesses. The firm, with $525
 million of equity capital under management, specializes in companies with
 attractive growth prospects and revenues ranging from $20 million to $1
 billion. For more information, please visit www.roarkcapital.com.
     About CyberCore Technologies
     CyberCore Technologies is a leading provider of information technology
 services to a variety of federal government agencies with a particular
 focus on intelligence and security including the Department of Homeland
 Security and the Defense Logistics Agency. The Company's IT services
 include systems integration, network planning, and information assurance in
 addition to being a supplier of hardware and software. CyberCore has more
 than 100 engineers with the highest level of government security clearance
 (TS/SCI clearance). The Company's facility also has security clearance.
 CyberCore is currently a contractor on some of the largest federal IT
 contracts. For more information about CyberCore, please visit
 www.cybercoretech.com.
      Contact:  Mike Misetic
                Fishman Public Relations
                (847) 945-1300, ext. 241
                mmisetic@fishmanpr.com
 
 

SOURCE Roark Capital Group

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