FDC to buy NYMA Inc.
- By John Moore
- Apr 27, 1997
FDC Technologies Inc. this week will formally announce that it has signed an agreement to acquire NYMA Inc. an engineering and information technology services company based in Greenbelt Md.
The marriage of FDC Technologies the main operating subsidiary of Federal Data Corp. and NYMA would create a $250 million entity with about 1 000 employees. Employees at the companies were informed of the deal last week. Word of Federal Data's interest in NYMA surfaced last month [FCW March 10].
NYMA will operate as a subsidiary of FDC Technologies according to an advance copy of a press release announcing the acquisition. Peter C. Belford president and chief operating officer of NYMA will continue to lead the company the release stated.
The union of the two midsize services companies should boost both in a market in which depth is a key consideration analysts said. In many newer indefinite-delivery indefinite-quantity services contracts federal customers are calling on integrators to provide an array of services and technical disciplines.
"Bulk gives you the benefit of marketing and [other] efficiencies that smaller companies don't have " said Bob Dornan senior vice president of Federal Sources Inc. McLean Va.
For FDC Technologies NYMA provides the company with a broader talent pool. NYMA has skills in such fields as artificial intelligence communications information systems design and software engineering support.
The acquisition gives FDC Technologies a "broader and far greater array of professional services " said Harry T. Marren president of FDC Technologies. "To follow the trend of government procurement we want to be able to participate more in services in the IT sector.