This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Concurrent Technologies Corporation Teams With InfoTech Solutions To Provide Worldwide Intelligence Analysis Services Under The Defense Intelligence Agency's $5.6 Billion SIA II Contract

NEW YORK, Jan. 3, 2013 /PRNewswire/ -- Concurrent Technologies Corporation (CTC) announced today that it will team with InfoTech Solutions for Business on a multiple award, multi-year, indefinite delivery/indefinite quantity (IDIQ) contract from the Defense Intelligence Agency (DIA), with a contract ceiling of $5.6 billion over a five-year period. The work will be performed worldwide to provide professional support services to the intelligence analysis mission, warfighters, defense planners, and defense and national security policymakers.

CTC was awarded the original SIA contract in 2008 and executed a variety of task orders under the contract. CTC's President & Chief Executive Officer, Edward J. Sheehan, Jr., stated, "Through the first SIA contract, we proved our ability, reliability, and determination to the DIA, and we are honored to continue to support them."

CTC was recently named one of the World's Most Ethical Companies by Ethisphere Institute, one of only two defense contractors to be given that honor, for which over 5,000 companies were nominated.

InfoTech is honored to be selected to team with CTC on the SIA II contract. President & Chief Executive Officer, Matti Kon, stated, "InfoTech is a small business well known for its strong technical capabilities and the unique amalgamation offering experience both in the defense and the commercial sectors. InfoTech has successfully executed contracts for the Department of Defense, U.S. Navy, SPAWAR, Raytheon Missile Systems and others. In the commercial sector, InfoTech is currently providing IT Outsourcing, Financial Research Authoring and Distribution Systems, as well as DR (Media) Systems to some of the major companies on Wall Street including, Wachovia Securities/Wells Fargo, Raymond James, J. Walter Thompson, GMI and many others." Continued Mr. Kon, "We are honored by this opportunity to work with CTC to support the Intelligence Community and our warfighters. We believe this will be the beginning of a dynamic relationship with CTC that may someday extend beyond the defense and intelligence sectors."

Headquartered in midtown Manhattan, InfoTech employs an exclusively U.S. -based labor force, consisting of full time, salaried employees. With offices throughout the country, including a satellite office in North Dakota, InfoTech was recently named one of the top 10 companies to work for and top 5 companies to intern for in North Dakota. In 2012 Matti Kon received the North Dakota IT Champion award.

About Concurrent Technologies Corporation (CTC)

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs