Acquisition Adds Award-Winning Networking Expertise
MCLEAN, VIRGINIA, March 12, 2007 — ATS Corporation (OTCBB: ATCT) (“ATSC”), a leading information technology company that delivers innovative technology solutions to federal, state, and local government organizations, today announced that the Company has acquired Reliable Integration Services, Inc. (“Reliable”). Effective March 1, 2007, Reliable, a network systems integrator serving Defense and Civilian Federal Government markets, became a wholly owned subsidiary of ATS Corporation.
“This acquisition is a perfect fit with our core competencies,” said Edward H. Bersoff, Chairman and Chief Executive Officer of ATS Corporation. “ATSC’s services and customer reach will be significantly enhanced by the quality offerings that Reliable provides. Additionally, ATSC will gain the benefit of Reliable’s exceptionally knowledgeable leadership team. We expect this transaction to be immediately accretive.”
The 37 employees of Reliable have designed, implemented, managed and maintained networks of multi-vendor software and systems for commercial enterprises and government IT organizations. Reliable offers expertise in Network Engineering, Integration, and Management, with an award -winning Remote Managed Service (RMS) providing a unique way for organizations to outsource their IT needs and other products such as their web-based Telecommunications Resale and Value Added Information Locator (TRAVAIL) which provides ordering, inventory, and billing consolidation for telecommunication circuits and components. Reliable will complement ATS Corporation’s unique IT consulting and infrastructure management expertise.
Currently ATSC provides Systems Integration, Infrastructure Management, Business Process Improvement, Wireless Services and Functional Expertise across a wide range of applications. With the incorporation of Reliable, ATSC will now be able to provide its customers a one-stop shop for the full life cycle of Enterprise IT projects.
“Reliable brings a new set of capabilities and customers to enhance the already high quality offerings of ATSC,” said Valerie W. Perlowitz, President and CEO of Reliable Integration Services. “We anticipate a seamless integration and are certain that Reliable’s current customers will be pleased with the quality and continuity of service that this business combination will assure.”
Reliable now operates as a wholly owned subsidiary of ATS Corporation, functioning under the ATSC brand. Bringing over twenty years of management and execution of major systems integration and support programs, Perlowitz will continue her leadership role, now moving to join ATS Corporation’s senior management team. Current employees of Reliable Integration Services will have the opportunity to distribute their talent across ATSC’s businesses. Reliable Integration Services will continue to be located in their current office in McLean, Virginia, also the home of ATS Corporation.