SRA Acquires Interface & Control Systems

SRA International, a provider of technology and strategic consulting services and solutions has announced it has acquired Interface & Control Systems, (ICS) a product development and engineering services firm specializing in real-time, embedded and autonomous command and control software systems for space applications. The acquisition of ICS furthers SRA's strategy of broadening its product and service offerings while expanding operating margins.

"With ICS' domain expertise in autonomous command and control, SRA strengthens its position in a strategically significant market segment," said SRA President and CEO Stan Sloane. "The ICS acquisition brings to SRA an experienced management team, a highly specialized employee base and valuable intellectual property."

"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."

Completion of the transaction is effective immediately. ICS will reside in the Intelligence and Space Strategic Business Unit (SBU) within SRA's National Security Sector. Financial terms of the acquisition were not disclosed. SC&H Capital represented ICS as their financial advisor in this transaction.