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[February 07, 2013]
DRC Strengthens Focus on Target Markets
(GlobeNewswire Via Acquire Media NewsEdge) ANDOVER, Mass., Feb. 7, 2013 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading technology and management consulting company focused on driving performance, process and results for government clients, today announced its organizational realignment for 2013.
More than two-thirds of the company's business was derived from the best-funded federal markets in 2012, and for DRC the pace of bidding on new business jumped 60 percent over the previous year. For 2013 the company's entire organization has been realigned to capitalize on its outstanding market positioning and anticipated opportunities.
"We go-to-market with deep, proven expertise aligned to client needs in the best funded federal markets – healthcare, research and development, homeland security, intelligence, surveillance and reconnaissance, and financial regulatory reform," said Jim Regan, DRC's chairman and chief executive officer. "These are challenging times in our industry, and I'm confident in the abilities of our leadership team. We have a talented and vibrant team of experts recognized as thought leaders in their fields, who are committed and results driven. Finally, we have deep client relationships and a record of success solving difficult technical problems, leading transformational change, and providing the most cost effective solutions." Organization The Company's primary client interface is through three operating groups.
DRC's High Performance Technology Group, headed by Paul Strasser, Senior Vice President and General Manager, delivers health informatics, high performance computing, computational science, predictive modeling, data analytics, cloud computing, enterprise modernization, software engineering, and systems engineering solutions. The Group includes three divisions: Health and Enterprise Solutions, led by Gay Porter, Vice President and General Manager; Science and Technology, led by Curt Bedke, Vice President and General Manager; and Advanced Systems, led by Joe Leonelli, Vice President and General Manager.
DRC's Federal Group, headed by Chuck Schefer, Senior Vice President and General Manager, delivers cyber security and risk management, clinical healthcare, technology strategy and governance, mobile computing, change management, strategic communications and software engineering solutions. The Group includes four divisions: National Security Solutions, led by Bryan Hennessy, Vice President and General Manager Civilian Agency Solutions, led by Daphne Zweifel, Vice President and General Manager; Homeland Security Solutions, led by Chuck Schefer on an acting basis; and Defense Services Solutions, led by Jerry Picard, Vice President and General Manager.
DRC's Defense Group, headed by Irv Zaks, Senior Vice President and General Manager, delivers training and knowledge management, program management services, data engineering and software engineering, development and maintenance. The Group includes three divisions: Defense Technology Solutions, led by Mo Verling, Vice President and General Manager; Defense Systems, led by Frank Grosso, Vice President and General Manager; and Readiness and Training, led by Ron Smits, Director and General Manager.
The Company's operating groups are supported by business development and administrative functions. New administrative appointments include Helen Tsingos, Chief Legal Officer and Pete Gaaserud, Vice President and General Manager, Contracts.
About Dynamics Research Corporation Dynamics Research Corporation (DRC) provides technology and management consulting solutions focused on driving performance, process and results for government clients. DRC offers innovative solutions and delivers rock solid results. DRC has large company capabilities and small company agility. Founded in 1955, DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts and the Washington, D.C. region. For more information please visit our website at www.drc.com.
Certain statements contained in this news release, which are not historical facts or are related to future plans, events, revenues and earnings expectations, objectives and outlooks are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and, by their nature, are uncertain and subject to a number of risks and uncertainties that could adversely affect the Company's results. We can provide no assurance that these statements will prove to be correct. Consequently, actual results could materially differ from these statements. For more detailed information concerning how these risks and uncertainties could affect the Company's financial results, please refer to DRC's most recent forms 10-K and 10-Q and other documents filed with the Securities and Exchange Commission. Further, the Company is under no duty or obligation to update or revise any forward looking statements as a result of events or new information.
CONTACT: Investors: Chris Witty Darrow Associates, Inc.
646.438.9385 firstname.lastname@example.org Media: Ilina Dimitrova Sage Communications (for DRC) 703.531.8256 email@example.com Source: Dynamics Research Corporation 2013 GlobeNewswire, Inc.
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