Matcom buys Entek, boosting security offerings
- By William Welsh
- Oct 22, 2002
Matcom International Corp. has acquired privately held Entek Inc., the investment banking firm Quarterdeck Investment Partners LLC said Oct. 22. Terms of the deal, expected to close in 30 days, were not disclosed.
The acquisition of Entek positions Matcom to capitalize on the growing technology requirements associated with homeland security, according to Quarterdeck. Entek of Alexandria, Va., has about 100 employees and more than $10 million in annual revenue.
The two companies are developing a plan to integrate Entek, said Bill Farmer, a vice president at Quarterdeck. Quarterdeck served as financial adviser to Entek on the deal, initiating conversations and helping structure the sale.
Matcom, also of Alexandria, is a professional services corporation that provides information technology, engineering and technical services solutions for government clients worldwide. The company has about 500 employees and annual revenue of about $70 million.
William Welsh is a freelance writer covering IT and defense technology.