Sitemap 14
Sitemap 15
Sitemap 16
Sitemap 17
Sitemap 18
Sitemap 19
Sitemap 20
Sitemap 21
Sitemap 22
Sitemap 23
Sitemap 24
Sitemap 25
Sitemap 26
Sitemap 27
Sitemap 28
Sitemap 29
Sitemap 30
Sitemap 31

Technest Holdings sells EOIR subsidiary to private investment firm

January 2, 2008 by · Comment
Filed under: Acquisitions, Technest Holdings, U.S. Army 

This is a case where the parent company became realistic and realized that there was a good chance that they would not win a contract where they were the incumbent. Technest Holdings sold their EOIR subsidiary to a private investment firm for $34 M dollars. $23 M of it contingent on the winning of a contract from the US Army for the fourth time in a row. Each time a contract is re-competed it gets a little harder for the incumbent to win it. If the customer or contracting officer doesn’t desire new blood, the situation with the company may have changed as to its small business or minority owned status. See the full article here.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter