SI throws hat in IPO ring

SI International CEO Ray Oleson

SI International Inc. of McLean, Va., filed May 10 for a $75 million initial public offering of its stock.

In its registration statement with the Securities and Exchange Commission, SI said its shares will trade on NASDAQ under the symbol "SIIT." The lead managers of the IPO are Wachovia Securities Inc. and Legg Mason Wood Walker Inc. Co-managers are Raymond James & Associates Inc. and BB&T Capital Markets.

The 3-year-old systems integrator had revenue of $146.6 million in fiscal 2001, up about 22 percent over 2000. The company is led by Ray Oleson, chairman and chief executive officer. Oleson also is SI's co-founder.

Several other firms with significant government technology business have gone public this year. They include ManTech International Inc. and Anteon Corp., both of Fairfax, Va. PwC Consulting filed for its $1 billion IPO May 2, under the name PwCC Ltd. SRA International Inc., Fairfax, and Veridian Corp., Arlington, Va., also have filed for IPOs.

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