Anteon (NYSE:ANT)
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From May 2019 to May 2024
Anteon International Corporation (NYSE: ANT), a leading
information technology, systems integration and engineering services
company, announced today the acquisition of the Milestone Group, LLC,
a high-end provider of IT professional services and solutions to key
U.S. government clients. Anteon acquired Milestone Group for $31.5
million.
The acquisition supports Anteon's business strategy of closely
aligning capabilities with the mission requirements of federal
government customers and our national priorities. Milestone Group
focuses its service offerings around three core competencies:
Enterprise Architecture and Systems; Information Assurance; and
Program and Financial Management. Milestone Group is particularly well
positioned with the Missile Defense Agency (MDA) Directorates
responsible for improving mission critical IT infrastructure and
providing trusted network support services.
"We are extremely pleased to welcome Milestone Group to the Anteon
team," said Joseph M. Kampf, Anteon President and CEO. "This
acquisition demonstrates Anteon's commitment to bringing the best
capabilities together in order to deliver comprehensive solutions to
our customers. Milestone Group enjoys an excellent reputation in the
market. They have a proven track record of providing trusted IT
solutions to the Federal government and will specifically enhance the
depth of our proven experience in joint missile defense programs,
supporting the mission of MDA's leadership."
Milestone Group, a privately-held company headquartered in
Arlington, VA, was founded in 1998. The majority of Milestone Group's
revenue comes from work performed for the Missile Defense Agency,
including enterprise-level program support at the Joint National
Integration Center (JNIC) in Colorado Springs, CO. The remaining
revenues are derived from a variety of customers including the Defense
Information Systems Agency (DISA), the U.S. Army and the Federal
Bureau of Investigation (FBI). Milestone Group has more than 120
employees at their headquarters and six other locations around the
United States, with almost 90% of employees holding security
clearances.
Milestone Group achieved revenues in excess of $21 million for the
12 months ended September 30, 2005. Anteon expects the transaction to
be immediately accretive to earnings; however, given the timing and
size of the transaction it is not expected to increase our earnings
per share for 2005. Anteon will receive favorable tax benefits due to
the acquisition of Milestone Group as an asset purchase. The
anticipated financial results will be incorporated into Anteon's
fourth quarter 2005 financial guidance, to be provided during the
company's third quarter conference call on October 26, 2005.
"We are excited about the opportunities that joining Anteon will
offer both our customers and our employees," Darrell Smith, Milestone
Group CEO commented. "The addition of our engineering and IT
capabilities will provide a great complement to many of Anteon's
existing core areas of strength--Missile Defense program mission
support, in particular."
Financial advisory services were provided to the members of
Milestone Group, LLC by Legg Mason Wood Walker, Inc.
About Anteon
Anteon, headquartered in Fairfax, Virginia, is a leading
information technology company serving the U.S. Federal government and
international customers. Anteon designs, integrates, maintains, and
upgrades state-of-the-art systems for national defense, intelligence,
homeland security, and other high priority government missions. Anteon
provides numerous government clients with the systems integration,
strategy and program management, systems engineering, operations
services, and simulation and training skills necessary to manage the
development and operations of their mission critical systems. The
Company was founded in 1976 and currently employs over 9,500 employees
in more than 100 offices worldwide. Anteon consistently ranks among
the top information technology integrators based on independent
surveys, and has been named to the Forbes List of the 400 Best Big
Companies in 2005, earning distinction on the Forbes Platinum List.
Anteon is listed on the Standards & Poor's MidCap 400 Index. For more
information, visit www.anteon.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
The statements contained in this release which are not historical
facts are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those set forth in, or implied by, forward-looking statements.
The Company has tried, whenever possible, to identify these
forward-looking statements using words such as "projects,"
"anticipates," "believes," "estimates," "expects," "plans," "intends,"
and similar expressions. Similarly, statements herein that describe
the Company's business strategy, outlook, objectives, plans,
intentions or goals are also forward-looking statements. The risks and
uncertainties involving forward-looking statements include the
Company's dependence on continued funding of U.S. government programs,
government contract procurement and termination risks including risks
associated with bid protests, and other risks described in the
Company's Securities and Exchange Commission filings. These statements
reflect the Company's current beliefs and are based upon information
currently available to it. Be advised that developments subsequent to
this release are likely to cause these statements to become outdated
with the passage of time.