BUSINESS IN BRIEF
BTG Inc.<@VM>DemandStar.com Inc.<@VM>KPMG Consulting Inc.<@VM>PlanetGov.com
BTG management announced that it has been awarded multiple new and extended contracts with combined estimated revenue of $13.5 million over a three- to five-year period.
The company said the contracts, awarded over the past nine months, are from U.S. defense and intelligence customers. Specific agencies and details of many of the contracts may not be disclosed under the terms of agreement. BTG has 18 years of experience in providing intelligence systems, technical services, and operational support to U.S. defense and national intelligence agencies.
The company offers a full range of enterprise management and information security services, which are in growing demand by government and commercial enterprises that require complete confidentiality, integrity and availability of their information resources.DemandStar announced record growth in 2000. The company added 200 new government agency members to its purchasing network, growing from 33 agencies in two states to 233 agencies in 30 states.
This represents a 606 percent increase in the number of agency members and a 1,500 percent increase in the number of states.
DemandStar also grew its supplier base in 2000. Suppliers purchased more than 18,000 county subscriptions in addition to more than 5,000 state and nationwide subscriptions, with total subscriptions now exceeding 23,000. DemandStar has entered into a merger agreement with Onvia.com.KPMG Consulting lowered the number of common shares in its initial public offering to 112 million from 354.6 million while raising the share price range to $16-$18 from $6.75-$8.75.
The McLean, Va.-based company, one of the world's largest consulting firms providing business and technology strategy, systems integration and other services, disclosed the IPO changes in a Securities and Exchange Commission filing.
KPMG Consulting is offering about 29 million of the 112 million IPO shares while its parent, KPMG LLP, is offering more than 83 million.
In a move back to its value-added reselling roots and away from its dance with e-government, PlanetGov.com announced it has been awarded a three-year contract with the Defense Department's Medical Health System's Tri-Service Infrastructure Management Program Office.
The contract, which runs through September 2003, has an estimated value of $38 million, making it the largest services contract award in PlanetGov's 17-year history.
PlanetGov's subcontractors, Electron-ic Data Systems Corp. and Symbiont Inc., will support PlanetGov. Under this contract, PlanetGov will upgrade the network infrastructure for Defense Medical hospitals and clinics around the world.These business briefs are composed of selected excerpts from the BB&T Capital Markets publication, "B2G/B2E/G2C Weekly Review," written by Thomas Meagher.