Litronic nears deal to acquire Pulsar
- By Diane Frank
- Mar 21, 1999
Security systems vendor Litronic Inc. is close to completing a deal to acquire federal systems and services provider Pulsar Data Systems Inc., according to Litronic executives.
Under the agreement, Litronic president and chief executive officer Kris Shah will remain CEO while Pulsar president Bill Davis will become president of the merged company, according to Charles Struggs, vice president of government sales at Litronic, Vienna, Va. The value of the acquisition is not yet known.
Pulsar, a former 8(a) company based in Lanham, Md., has shifted its focus over the last two years from reselling individual products to integrating solutions. Speculation about its acquisition has been circulating for some time.
Litronic, a small business based in Irvine, Ca., has been in the federal market for six years and has worked with various government agencies, including the National Security Agency. The company also contributed to the Treasury Department's smart card pilot and continues to support the Defense Department's Fortezza program, which secures computer hardware against electronic tampering.