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Tag Archives: nasdaq: gtsi

GTSI Sells Interest in Eyak Technologies for $20M to Spend on Growth Areas; Sterling Phillips Comments

  GTSI Corp. (NASDAQ: GTSI) has sold its 37 percent ownership interest in Eyak Technology to that company for $20 million cash. GTSI entered a settlement and redemption agreement on Aug. 19, 2011 to sell its interest in EyakTek and settle pending arbitration proceedings and litigation with the firm. “Our board …

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GTSI Acquires IT Professional Services Firm; Sterling Phillips Comments

  GTSI Corp. (NASDAQ: GTSI) has completed its acquisition of Information Systems Consulting Group,  a privately-held federal IT professional services provider. GTSI said the move would expand its software and database development and maintenance offerings. Fredericksburg, Va.-based InSysCo employs more than 110 workers and was recently awarded a total information processing support …

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GTSI Turns Page, Names Sterling Phillips CEO

The board of directors at GTSI Corp. (NASDAQ: GTSI) has named Sterling E. Phillips, Jr. president and CEO. An industry veteran, Phillips served as CEO of Analex Corp. for six years until the firm was acquired by QinetiQ NA. “I am grateful to the board for their confidence in me …

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