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

  Sterling Phillips, GTSI 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 of directors believed the timing was right for GTSI to liquidate...

GTSI Acquires IT Professional Services Firm; Sterling Phillips Comments

  Sterling Phillips, GTSI Corp. 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...

GTSI Wins $159M Army Mobile Biometrics Contract; Sterling Phillips Comments

  Sterling Phillips, GTSI GTSI Corp. (NASDAQ: GTSI) has won a $159 million U.S. Army contract to provide mobile biometric devices to assist warfighters identify persons in the field in real time The contract covers a 16-month period and was awarded under GTSI’s IT enterprise solutions – 2 hardware contract. The devices will enter a system where laptop and attached biometric collection...

GTSI Turns Page, Names Sterling Phillips CEO

Sterling Phillips 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 to lead GTSI during this critical time in the transformation of the company,”...