DynCorp completes merger
TekInsight.com Inc. and DynCorp closed the merger of DynCorp's state and local unit with TekInsight. The new company is called DynTek. DynCorp's state and local unit was known as DynCorp Management Resources.
With the merger, DynTek has about 400 employees and annual revenue of more than $100 million, said Steve Ross, the company's chief executive officer. The company has clients in 17 states.
As part of the deal announced in April 2001, DynCorp of Reston, Va., will retain a 40 percent interest in the new company.
DynTek will provide technology and management solutions to state and local governments. The company's comprehensive government transformation methodology includes consulting, systems integration, application development, legacy integration and support and management services.