ITS Holding Company, LLC (ITSolutions) acquires Codin Solutions, Inc. (Codin)
04 September 2007
Effective August 31, 2007, ITS Holding Company, LLC (ITSolutions) announced that it signed a definitive agreement to acquire Codin Solutions, Inc. (Codin), a U.S. federal government information technology services company based in Herndon, VA.
Codin specializes in providing application development, system and database engineering, and encrypted messaging architecture to the intelligence community. These services will be additive to ITSolutions’ suite of services that are already provided to the federal, state, and local government markets, which include the following verticals on a combined basis:
- IT Strategic Planning,
- Program Management,
- Infrastructure Operations,
- Network Engineering and Architecture,
- Application Development,
- Information Assurance, and
- Infrastructure Relocation.
“Within the intelligence community, Codin has built an excellent reputation with its clients and is a preferred contractor with a staff that boasts outstanding technical skills and high-level security clearances” said Stefan Lalos, CEO of ITSolutions. He added, “The acquisition of Codin and ITEQ this past June, combined with the capabilities we already had within ITSolutions results in an organization that can compete successfully in the marketplace and provide its clients the breadth of skills and methodologies they require to meet their agency mission.”
Both Kevin Green and Ron Kattas will remain with ITSolutions as Executive Vice Presidents reporting to Lawrence O’Connor, Chief Operating Officer of ITSolutions, and will continue their work to grow the intelligence business and meet the needs of their clients.
With nearly 500 professional staff, ITSolutions (
www.itsolutions-llc.com) is a provider of information technology services to federal, state, and local government agencies. Headquartered in Silver Spring, Maryland ITSolutions was recognized in 2006 by Inc. Magazine as the nation’s 29th fastest growing private company (2nd in the technology sector), and by the Washington Business Journal as the 5th fastest growing company in the metro-DC area.
The company was founded by Stefan Lalos and Mike Dietz and has a minority investment from the Edgewater Funds, a $1 billion private equity firm based in Chicago, Illinois. ITSolutions representative clients include: Health and Human Services, the Food and Drug Administration, the Internal Revenue Service, the Department of Treasury, the Department of Defense, Alcohol Tobacco and Firearms, Office of Personnel Management, the Department of State, the Securities and Exchange Commission, the Agency for Healthcare Research and Quality, the Central Intelligence Agency and the DC Government
