ALEXANDRIA, Va., Aug. 10 (UPI) -- DCS Corp, a provider of technology and management solutions to the U.S. national security community, is expanding its portfolio of services.
The expansion will come through the acquisition of Infoscitex Corp., a privately held company with service offerings in modeling, simulation and analysis, human bio-dynamics research, air vehicle systems and cyber-domain techniques.
"IST has proven capabilities supporting the Department of Defense and the intelligence community," said James T. Wood, DCS chairman and chief executive officer. "We welcome the opportunity to strategically expand our customer base through this acquisition.
"Both companies share similar cultures that promote employee growth and empowerment, which we believe will be an asset to our integration process."
DCS said a definitive agreement to acquire all of the stock of the Massachusetts company has been signed and once the transaction has been completed Infoscitex will become a wholly owned subsidiary.
Financial and other terms of the acquisition weren't disclosed. The acquisition is expected to close around the end of this month.
"Joining DCS will enhance our service offerings to existing and new customers while providing opportunities to IST employees," said IST Chief Executive Officer Stuart S. Haber. "We look forward to being part of the DCS team and contributing to shared successes going forward."
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