Cash tender offer is unanimously approved by special committee of GTSI directors and GTSI board.
Product portion of huge IT procurement vehicle goes to large, small companies.
Revenue losses neared 50 percent.
ITES-2H becomes Army only vehicle so its life can be extended until a new award is made.
The firing of Bridget Atkinson was not based on performance but part of a restructuring that also eliminated 42 positions, GTSI CEO says.
Bridget Atkinson will continue to provide up to 50 hours a month of transitional consulting services to GTSI through February as company works on new business model.
GTSI's revenue dropped dramatically as high turnover, budget uncertainty and the linger effects of a SBA suspenion hurt sales.
GTSI Corp. has named Jeremy Wensinger chief operating officer in charge of core operational activities, the company announced.
GTSI Corp. has named Jim Sweeney chief technology officer and the company's strategist for its integrated solutions and services offerings. He will report to Sterling Phillips, GTSI's chief executive officer.
GTSI has sold its stake in Eyak Technology for $20 million.
Energy conservation reduces the size of government's "power envelope" and provides twin benefits of increased operational efficiency and a range of significant cost savings, including lower utility bills, writes a sponsor of the upcoming Power IT Down Day on Aug. 26.
GTSI Corp. has completed its acquisition of Information Systems Consulting Group Inc., a private federal IT professional services provider.