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"We are particularly excited about the potential of our new
company," said Michael Farmer, Veridian's newly appointed executive
vice president and chief operating officer. "We have brought
together four companies that have independently developed reputations
for hiring and retaining the most talented engineers and professionals,
for providing outstanding service to their customers, and demonstrating
technical leadership. In fact, all four of these companies are credited
with developing and deploying technological breakthroughs in critical
areas of global security and safety."
The combination of these four companies, Langstaff said, will result
in better, more extensive and more creative service for existing
customers. "It has special significance to Veridian's customers
throughout the intelligence community," he said, "since
all elements of the former Veridian and each of the new companies
have a significant presence in the intelligence community. We are
now even better postured to meet the emerging, changing and future
needs of those intelligence customers with whom we have had long,
successful partnerships."
Veridian's acquisition of these three companies at the same time
presented a particularly great challenge. "But, it was the
right thing to do," said Langstaff. "Our strategic processes
identified these three companies as the right ones to be brought
into the Veridian family. We were so confident that these were the
right partners, we elected to undertake the very difficult task
of acquiring all at once. Veridian is fortunate to have strong and
committed investors, led by Boston-based Monitor Clipper Partners
that provided both strategic and financial support."
ERIM International (EI) is a leader in information technologies
related to imaging systems, information extraction, and knowledge
generation and dissemination. EI has more than 550 employees of
whom 450 live in Michigan. EI operates with close ties to universities,
government agencies, and industries. Major customers include the
national intelligence community, the Departments of Defense and
Transportation, and automotive manufacturers.
Based in Fairfax, Va., MRJ is an information technology and engineering
services company with expertise in network systems, simulation and
modeling, high performance computer applications, decision support,
and engineering analysis. The company employs 800 professionals
with major operations in the Washington, D.C., area; Denver; Tucson,
Ariz.; Sunnyvale, Calif.; and Orlando, Fla. Bowles Hollowell Conner
and Co., the capital markets arm of First Union Bank in Charlotte,
N.C., served as financial advisor to Veridian in connection with
the acquisition of MRJ.
With corporate headquarters in Los Angeles, Trident Data Systems
employs computer scientists, software development engineers and
other professionals providing IT services, infrastructure protection
and systems integration solutions to the federal, defense, intelligence
and commercial markets. Major areas of operation are Washington,
D.C.; San Antonio, Texas; Los Angeles; Colorado Springs, Colo.;
and space launch facilities at Vandenberg AFB, Calif., and Cape
Canaveral, Fla.
Veridian is a privately held company providing trusted information
solutions for global security and safety with headquarters in Alexandria,
Va. For more information about ERIM International, MRJ Technology
Solutions, Trident Data Systems and Veridian, access their web sites
at www.erim-int.com, www.mrj.com, www.tds.com and www.veridian.com.
For more information contact:
Dennis Gauci
Phone: 703/575-3100
E-mail: dgauci@veridian.com
Linda Swan
Phone 703/575-3115
E-mail: lswan@veridian.com
Veridian
1200 South Hayes Street
Suite 1000
Arlington, VA 22202
www.veridian.com
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