RESTON, Va., June 22, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical technology, cyber, and data solutions to multiple Federal Agencies, announced today that it has been selected by the U.S. Army Civilian Information Services Division (CISD) to provide wide ranging information technology support across its worldwide system and application portfolio.
The contract, valued at $11M, is spread over a 23-month period of performance and will involve the provision of a complex range of services to CISD, which is responsible for the development and sustainment of all U.S. Army civilian information systems.
STG’s IT specialists will provide support that will encompass system security, data management, software application support, software engineering and integration, backup and recovery, quality assurance and training. STG will be working to support three data centers, as well as information systems spread over 100 field sites.
Commenting on the award, Mr. Paul Fernandes, STG President said: “The team at STG takes great pride in having provided systems support to the U.S. Army for more than 18 years. This latest award demonstrates our ability to develop and maintain a broad range of mission-critical systems for the U.S. Army. Our agile approach enables us to quickly adapt to customer needs in a rapidly evolving technology environment, creating and deploying the most effective and efficient solutions. We look forward to working with CISD to improve system performance across their portfolio.”
The CISD program will be overseen by Joe Nicholas, STG’s newly appointed Senior Vice President and Sector Lead, Cybersecurity and Secure Information Systems.
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 U.S. 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.