ANDOVER, Mass., Feb. 14, 2012 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, science and technology solutions to federal and state governments, was recognized as the top mid-size 'Deal of the Year' award for the company's 2011 merger with High Performance Technologies, Inc. (HPTi) by Washington Technology magazine.
A key driver behind the merger and the award was the overall market alignment of HPTi's expertise with DRC's strategy with eighty percent of the business concentrated in the high growth markets targeted by DRC including healthcare, cybersecurity, intelligence and homeland security.
"The DRC - HPTi merger has transformed our company," said Jim Regan, DRC's chairman and chief executive officer. "The merger has more than doubled our new business pipeline and expanded our prime contract bidding opportunities, sharply increased our penetration in federal growth markets such as health and federal financial agencies, and tremendously strengthened our capabilities in high-demand areas such as cloud computing, high-performance computing, systems engineering, health informatics, science and technology, and data analytics.
Since 2004, Washington Technology magazine has been partnering with leading analysts and M&A experts to compile a roundup of the year's M&A transactions. The top deals are selected according to the effects on the companies and market in addition to what the deals indicate about prevailing trends.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering, science and technology solutions. DRC offers the capabilities of a large company and the responsiveness of a small company, backed by a history of excellence and customer satisfaction. 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.
Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to DRC's most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.