McDonald Bradley Officially Completes Infodata Acquisition

Infodata Shareholders Approve Company Sale 


HERNDON, Va., Aug. 26  /PRNewswire-FirstCall/ -- McDonald Bradley, Inc., a rapidly-growing information technology solutions provider to the government marketplace, announced today that it has officially closed on the acquisition of Herndon-based Infodata Systems Inc., (OTC:INFD) (BULLETIN BOARD: INFD)  a provider of compliance-driven content management solutions to government agencies, the intelligence community, and commercial clients.  The Infodata shareholders officially approved the company's sale during a shareholder meeting held on August 22nd.  The acquisition by McDonald Bradley is a cash transaction for 100 percent of the stock of Infodata.  The final transaction price is $7.05 million.  Infodata stockholders will receive $1.09 per share on a fully diluted basis.

Infodata employees are now officially integrated into various McDonald Bradley operations and lines of business.  Approximately 32 of the former Infodata staff hold a "top secret" clearance, adding significant resources to the Company's defense and intelligence community practice area.  Much of the core focus of the Infodata business is complementary to and supportive of McDonald Bradley's work in Horizontal Fusion across the Department of Defense.

According to Kenneth Bartee, president and CEO of McDonald Bradley, "I am delighted to announce the successful completion of this acquisition.  The Company gains new resources, new customers and new strengths that together will add to the value we can bring to the defense and intelligence agencies and will increase our ability to effectively respond to larger-scale procurement opportunities."

About McDonald Bradley

McDonald Bradley is a privately-held information technology solutions provider to the government marketplace with headquarters in Herndon, Virginia. Since it was founded in 1985, it has steadily built an exceptional reputation in delivering IT solutions to Defense, Intelligence, Homeland Security, Federal Law Enforcement and Federal Civil clients, averaging 32 percent growth each year since 1994.  Core technology expertise includes:  visual intelligence services, service-oriented architectures, Independent Verification and Validation (IV&V), and web and systems development services. McDonald Bradley was ranked 38th on the "Technology Fast 50" list for Virginia by Deloitte & Touche LLP in 2004.  Additionally, Washington Business Journal named the Company as the region's 15th "Fastest Growing Company." 

DATASOURCE: McDonald Bradley, Inc.



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