ManTech acquires CTX

ManTech International Corp. of Fairfax, Va., is acquiring CTX Corp. of Vienna, Va., a provider of information technology and software strategies and solutions to the U.S. national intelligence community.

ManTech is buying CTX for $34 million in cash plus the repayment of CTX debt up to $1.3 million. The transaction should close by the end of 2002, according to ManTech.

ManTech provides information technology and technical services solutions to the Department of Defense and the intelligence community.

CTX provides solutions that help customers modernize information systems, collaborate across and within government enterprises, and develop and implement data mining techniques to better use information from large-scale data repositories.

Almost 94 percent of CTX's estimated $35 million in revenue for 2002 comes from intelligence community customers. About 89 percent of the 188 CTX employees hold top-secret security clearances, according to ManTech.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.