Emtec Enriches Services Portfolio with Acquisition
of Secure Data Incorporated
Acquisition Expands Footprint of Federal and Commercial Clients
June 09, 2010 11:03 AM Eastern Daylight Time
MARLTON, N.J.--(EON: Enhanced Online News)--Emtec, Inc. (OTCBB:ETEC), a niche systems integrator,
announced that it has acquired through its subsidiary, Emtec Federal, Inc., all of the outstanding stock of Secure
Data, Inc. (SDI). The company is a veteran-owned, application services consulting firm specializing in developing
financial and custom web business applications. SDI’s focus has been on agencies within the federal government,
primarily the Department of Defense (DoD) and select commercial clients.
This is the second application development acquisition made by Emtec this year. SDI adds critical project-based
application development capabilities for Emtec in the U.S. and will be a cornerstone of its application services
practice in North America. In addition, the acquisition enhances Emtec’s presence in the Mid-West. Headquartered
in O’Fallon, Illinois, a suburb of St. Louis, Missouri, SDI is a strategic regional complement to Emtec’s current office
in the Chicago suburb of Naperville, Illinois and will increase the company’s ability to offer its full portfolio of
services in the region.
Ray Kelly, SDI CEO, will assume the position of Client Executive Director within Emtec Federal, reporting directly
to Brian Mandel, Executive Vice President, Public Sector. “We are pleased to join Emtec," said Kelly. “We believe
their vision, scale, and portfolio will help us expand our relationships with our own clients and add a new set of
offerings for all of Emtec’s clients. We have been impressed with the speed and professionalism with which they
worked to pull our teams together.”
“The strategic acquisition of SDI continues us on our path of becoming a niche world-class systems integrator,” said
Dinesh Desai, Emtec Chairman, CEO, and President. “In addition to acquiring these new service capabilities we