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Concurrent Technologies Corporation One of Five Awardees on $64.5 Million Contract to Support the U.S. Securities and Exchange Commission Office of Information Technology

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JOHNSTOWN, Pa., May 31, 2013 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation (CTC) has been named one of five awardees on a contract to support the U.S. Securities and Exchange Commission (SEC) Office of Information Technology (OIT) under GSA Information Technology (IT) Schedule 70. This contract was awarded under full and open competition. It is a blanket purchase agreement (BPA) that includes a base year and four option years, worth an aggregate of $64.5 million.

The SEC is a federal agency that holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the U.S. The OIT is responsible for organizing, implementing, and managing an integrated information technology program to support the SEC and its personnel.

CTC will provide the SEC OIT with software engineering services to define, design, develop, integrate, test, deploy, maintain, troubleshoot, and enhance the functionality of applications using the Oracle platform.

"This is a significant win for CTC," said Edward J. Sheehan, Jr., CTC President & Chief Executive Officer. "It's our first opportunity to partner with the U.S. Securities and Exchange Commission. We are proud of this award and look forward to developing innovative solutions for this new client."

Dr. Kamal Gella, CTC Senior Director, serves as the Program Manager of the contract. "CTC's work for the SEC will leverage our past expertise in Federal Enterprise Architecture," explains Dr. Gella. "Our team has implemented award-winning IT projects for other Federal clients that encompass the breadth of the Software Development Lifecycle from business process analysis and requirements elicitation to user acceptance testing."

Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry. As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest. For more information, visit www.ctc.com.

CONTACT: Media Contact: Mary Bevan 814-269-2490 or bevanm@ctc.com





Source:Concurrent Technology Corp.