Concurrent Technologies Corporation Teams with InfoTech Solutions to Provide Worldwide Intelligence Analysis Services Under the Defense Intelligence Agency's $5.6 Billion SIA II Contract

NEW YORK, Jan. 3, 2013 /PRNewswire/ -- Concurrent Technologies Corporation (CTC) announced today that it will team with InfoTech Solutions for Business on a multiple award, multi-year, indefinite delivery/indefinite quantity (IDIQ) contract from the Defense Intelligence Agency (DIA), with a contract ceiling of $5.6 billion over a five-year period. The work will be performed worldwide to provide professional support services to the intelligence analysis mission, warfighters, defense planners, and defense and national security policymakers.

CTC was awarded the original SIA contract in 2008 and executed a variety of task orders under the contract. CTC's President & Chief Executive Officer, Edward J. Sheehan, Jr., stated, "Through the first SIA contract, we proved our ability, reliability, and determination to the DIA, and we are honored to continue to support them."

CTC was recently named one of the World's Most Ethical Companies by Ethisphere Institute, one of only two defense contractors to be given that honor, for which over 5,000 companies were nominated.

InfoTech is honored to be selected to team with CTC on the SIA II contract. President & Chief Executive Officer, Matti Kon, stated, "InfoTech is a small business well known for its strong technical capabilities and the unique amalgamation offering experience both in the defense and the commercial sectors. InfoTech has successfully executed contracts for the Department of Defense, U.S. Navy, SPAWAR, Raytheon Missile Systems and others. In the commercial sector, InfoTech is currently providing IT Outsourcing, Financial Research Authoring and Distribution Systems, as well as DR (Media) Systems to some of the major companies on Wall Street including, Wachovia Securities/Wells Fargo, Raymond James, J. Walter Thompson, GMI and many others." Continued Mr. Kon, "We are honored by this opportunity to work with CTC to support the Intelligence Community and our warfighters. We believe this will be the beginning of a dynamic relationship with CTC that may someday extend beyond the defense and intelligence sectors."

Headquartered in midtown Manhattan, InfoTech employs an exclusively U.S. -based labor force, consisting of full time, salaried employees. With offices throughout the country, including a satellite office in North Dakota, InfoTech was recently named one of the top 10 companies to work for and top 5 companies to intern for in North Dakota. In 2012 Matti Kon received the North Dakota IT Champion award.

About Concurrent Technologies Corporation (CTC)

Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry. As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest. For more information, visit www.ctc.com.

About InfoTech Solutions for Business, Inc.

InfoTech Solutions for Business, Inc. (InfoTech) is a privately owned software house and system integration company with a variety of products, IT services and business practices. Headquartered in midtown Manhattan, with satellite offices in the U.S. only, InfoTech is a Microsoft Certified Partner and GSA approved contractor with multiple credentials and certifications. The company's clients include some of the most prestigious banks, media companies, government agencies, and small to mid-size companies representing a wide range of industries. Additional information can be found at www.infotechfb.com or contact InfoTech at (212) 245-4222.

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SOURCE InfoTech Solutions