ManTech Gains Prime on $4B CMS IDIQ Through ALTA Buy; George Pedersen Comments


George Pedersen
George Pedersen

ManTech International (NASDAQ: MANT) has acquired information technology and professional services company firm ALTA Systems for an undisclosed amount.


ManTech said it used available cash to finance the acquisition and does not expect the transaction to affect its 2013 financial results.

ALTA, which will join ManTech’s healthcare business, holds a prime position on a $4 billion indefinite-delivery/indefinite-quantity contract with the Centers for Medicare and Medicaid Services for enterprise systems development.

“This acquisition is consistent with our strategy to steadily expand our service offering in the growing healthcare market, ” said George Pedersen, ManTech chairman and CEO.

“We are proud to become part of a company like ManTech, which has such a strong record and trusted name in IT, ” ALTA CEO Cindy Perlberg said.

ALTA’s services to government and private sector customers include capital planning and investment control; system design, development and operation; and fraud detection and statistical analysis.

Check Also

Leonardo DRS

Leonardo DRS Secures $250M Army Tactical Terminal Replacement Contract

Leonardo DRS has been awarded a five-year, $250M contract to replace the U.S. Army's satellite communications terminals designed for tactical users. The contractor will help the Army replace the terminals that are set for decommissioning in fiscal year 2025, the Department of Defense said Wednesday.

Vicki Schmanske President Leidos Intell Group

Leidos Books Potential $960M CBP Software Dev’t BPA; Vicki Schmanske Quoted

Leidos (NYSE: LDOS) has received a potential five-year, $960M blanket purchase agreement to develop software to support the Customs and Border Protection’s traveler vetting procedures.