GlobalNet Federal last week announced that it had acquired Applitech Inc., a professional services company that specializes in high-tech training and logistical support services.
GlobalNet Federal last week announced that it had acquired Applitech Inc.,
a professional services company that specializes in high-tech training and
logistical support services.
Both firms are based in Herndon, Va. GlobalNet Federal was launched
in April with the promise of providing strategic, lower-cost information
technology services to the federal government. Its acquisition of Applitech
enables it to move into the realm of computer- and World Wide Web-based
training, said George Filippides, GlobalNet's chairman and chief executive
One reason for acquiring Applitech is that GlobalNet didn't want to
be "a systems integrator just like everybody else," Filippides said. "We
want to deliver some difference to Uncle Sam, and our e-commerce systems
and methodologies service the average taxpayer tremendously. A contract
done the traditional way that costs $10 million, we can do for between $1.8
[million] and $2.3 million. "
Applitech provides multimedia training services for missile, air flight,
and other systems to government contractors including Northrop Grumman Corp.,
Raytheon Co. and Boeing Co.
"As part of GlobalNet Federal, we'll be able to expand our manpower
and revenues by bringing on new customers in areas [where] we're already
the leaders," said Tom Shea, chief executive officer of Applitech and the
new president of GlobalNet Federal. "Applitech's strength is in our ability
to apply new technologies to very specific needs, like using computer software
tools to develop multimedia training and documentation for defense contractors,
and then delivering that anytime, anywhere over the Internet."
In the past, GlobalNet Federal has acted as a subcontractor to larger
firms. But now the company has begun direct dealing with federal agencies,
including the Environmental Protection Agency, the Interior Department and
the Small Business Administration, Filippides said.
Filippides said he plans many more acquisitions, and Applitech's expertise
in technology training and educational content development will immediately
help GlobalNet Federal on its way to becoming one of the key players in
"We picked up an operating group with good contracts and good relationships
with the big boys," Filippides said. "And the more you play, the more they
consider you one of the big boys."
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