Jeremy Wensinger Joins USIS as Global Security, Solutions Head

JeremyWensinger
Jeremy Wensinger Jeremy Wensinger, former chief operating officer of GTSI Corp., has joined US Investigations Services as president of the global security and solutions division. He will lead a team of 3,000 employees that support national security missions and work with government agencies to protect people, information, operating systems and other assets, USIS said Wednesday. Wensinger heads to the...

Former GTSI CEO Sterling Phillips Joins USIS as Chief Executive, President; Sharon Rowlands Comments

Sterling Phillips Altegrity has appointed former GTSI CEO Sterling Phillips to serve as chief executive and president for its USIS subsidiary, effective Jan. 1, 2013. USIS said Phillips will report to Altegrity CEO Sharon Rowlands and hold overall responsibility for USIS’ investigative services division and global security solutions division, comprised of nearly 6,000 employees worldwide. According...

GTSI to Continue IRS Tech, Program Support; Jeremy Wensinger Comments

Jeremy Wensinger A subsidiary of GTSI Corp. has won $90 million in task orders to provide technology and program support services to the Internal Revenue Service, the company announced Tuesday. InSysCo won the five orders under the Total Information Processing Support Services contract, known as TIPSS-4. Jeremy Wensinger, GTSI’s chief operating officer, said these orders continue the company’s...

Army Awarding Up To $5B for IT Equipment

The U.S. Army is seeking contractors to provide the branch information technology equipment in support of its enterprise infrastructure and infrastructure goals, an Army contracting notice says. According to Washington Technology, the Information Technology Enterprise Solutions 3- Hardware contract is potentially worth $5 billion to all awardees over five years. The multiple-award, firm-fixed-price,...

GTSI, Unicom Merger Go-Shop Period Ends

Unicom Systems Inc.’s acquisition of GTSI Corp. appears set to go forward after the company did not accept any alternative offers over the last month, GTSI announced Monday. The firms agreed to a 30-day go-shop period, allowing GTSI to seek other proposals for 30 calendar days and continue negotiations with other bidders. GTSI said it received one offer letter but did not accept the offer, adding...

IT Firm Unicom To Buy GTSI For $76M

Global information technology firm Unicom Systems Inc. will acquire GTSI Corp. (NASDAQ: GTSI) for approximately $76.67 million cash, or $7.75 per share. GTSI announced the per share value of the offer represents a 47.9 percent premium over GTSI’s Friday closing stock price of $5.24 and a 65.6 percent premium over its one-year average closing stock price. The tender offer is expected to close...

Navy Awards $500M in Off-The-Shelf ISR Equipment IDIQs

The U.S. Navy awarded contracts potentially worth $500 million Tuesday for equipment used in intelligence, surveillance and reconnaissance applications. The Defense Department said contractors will also provide the commercial off-the-shelf equipment for information operations, information awareness and related incidental support services. Awardees of the indefinite-delivery/indefinite-quantity, firm-fixed-price,...

GTSI Names Ex-Harris Federal’s Wensinger COO; Sterling Phillips Comments

GTSI Corp. has appointed Jeremy Wensinger as chief operating officer, where he will report directly to CEO Sterling Phillips. Wensinger has more than 20 years of executive experience in the federal technology sector, previously serving as group president of government communication systems for Harris Corp. (NYSE: HRS). In that role, he led the company’s federal civilian agency, intelligence...

GTSI Promotes Jim Sweeney to CTO; Sterling Phillips Comments

GTSI Corp. has named Jim Sweeney as its chief technology officer, where he’ll be the principal technology strategist for the company’s integrated solutions and services offerings. Sweeney has lead GTSI’s virtualization and cloud computing consulting practice for four years and has more than 35 years of experience of developing and integrating enterprise IT applications and...

GTSI to Repurchase up to $5M of Common Stock to Take Advantage of Strong Cash Position

GTSI‘s board of directors has authorized the company to repurchase up to $5 million in shares of its common stock. The share repurchase program is effective immediately and the timing and amount of shares repurchased will be determined by company management. The company said the move follows several capital allocation strategies it is considering to take advantage of its strong cash...