RESTON, Va., June 15, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical technology, cyber, and data solutions to multiple Federal Agencies, has appointed Tim Denning to lead its organic growth strategy development and execution. As Vice President Business Development for STG, he will have management and operational oversight of the Company’s organic growth strategy, business development (BD) and excellence in capture management across all of STG’s business sectors.
Mr. Denning has extensive experience in creating, transforming and leading BD teams that have delivered sustained growth in information technology innovation across a diverse array of opportunities in the national security and intelligence sectors.
Paul Fernandes, President of STG, commented, “Tim’s energy and passion for BD will be critical as this company focuses on delivering on its ambitious organic growth plans. His market insights and experience, built over a decade of driving strong growth within established enterprises, are expected to help expand STG’s strategic opportunities, build new partnerships and achieve excellence in capture planning and execution.”
Mr. Denning has served as the Director of IDIQ Management within STG since he joined the Company in 2014. In this capacity, he managed the BD team across a broad portfolio of Governmentwide Acquisition Contracts (GWACs) and Indefinite Delivery/Indefinite Quantity (IDIQ) contracts, delivering bookings growth across key customer accounts in the offensive and defensive cyber, IT operations, and application development markets for Federal Civilian and DoD customers.
Prior to joining STG, Mr. Denning was Senior Director of Business Development with DSA, Inc., where he focused on the company’s most strategic business development opportunities. His efforts contributed to DSA growing to its largest size in its fifty-one-year history. Prior to DSA, Mr. Denning held various positions within L-3 Communications, where he rose from an analyst position to become the youngest Director, then Senior Director, at the company. During his time there he worked within Strategic BD, Operations, BD Information Systems, and Capture across the MPRI Division, L-3 Services Group, STRATIS Division, and National Security Solutions Group.
“Wherever I’ve worked, I’ve been passionate about driving growth through industry best practice in strategy, pipeline development and capture excellence,” said Mr. Denning. “I’m excited to be in a position, with a true industry leader like STG, to leverage my skills, experience and energy to drive dynamic organic growth. I’m looking forward to working with my team to contribute to STG’s success in the near future.”
Mr. Denning is completing Doctoral studies in Public Administration from West Chester University. He has an MA certificate in Contracts and Procurement Management from the University of Virginia, an MBA in Finance and MA in Political Science from Lehigh University, as well as a BA in Psychology from Johns Hopkins University.
Active in the Arlington and greater DC community, Mr. Denning serves on the Arlington Community Development Advisory Committee, the Washington Humane Society’s Volunteer Leadership Council, and also actively volunteers with Offender Aid Restoration, Business Development Assistance Group of Fairfax, the Arlington Economic Development Group, the Federal Baseball League, and Rebuilding Together of Arlington/Fairfax.
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company. Visit STG at www.stg.com.
This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s expected financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, risks relating to success in retaining or recruiting officers, key employees or directors, the potential liquidity and trading of our securities, and the size of our addressable markets and the amount of U.S. government spending on private contractors. In addition, please refer to risks described in the “Risk Factors” in STG’s Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.
STG Group, Inc. Contact: Bobby Winters or Chris Hodges, Alpha IR Group 929-266-6315 STGG@alpha-ir.com
Source:STG Group, Inc.