The last time Stan Sloane, president and CEO of the publicly traded technology consulting firm, SRA International, spoke to ExecutiveBiz, he let us in on some big plans: Though he had only been with SRA less than a year (he’d been with Lockheed Martin 22 years before then), he was aiming to see SRA reach $5 billion in revenue by 2012.
“SRA has created a roadmap consisting of two threads “” one is organic growth, the other growth through acquisition,” said Sloane in his January 2008 talk with us.
Well, it looks like Sloane is well on his way to making good on his word. Recently SRA acquired Interface & Control Systems, Inc., a Columbia-based company which makes software for spacecraft. ICS, which builds automation software for satellites, control centers, and simulators, will join SRA’s intelligence and space business unit.
“With ICS’ domain expertise in autonomous command and control, SRA strengthens its position in a strategically significant market segment,” says Sloane. “The ICS acquisition brings to SRA an experienced management team, a highly specialized employee base and valuable intellectual property.”
Last year alone, SRA, which designs and develops technology systems for clients in national security, government, and health care, saw $1.3 billion in revenue. The way things are shaping up, looks like SRA will have an even stronger showing this year. Stay tuned.