FOR IMMEDIATE RELEASE:
INDYNE EXPANDS ITS GOVERNMENT CONTRACTING SERVICES BY ACQUIRING ANALYST WAREHOUSE
Fulton, MD | April 17, 2012 – InDyne, Inc. (www.indyneinc.com), a highly respected, high-technology firm that specializes in end-to-end solutions for large and complex government contracts recently acquired Analyst Warehouse, LLC (www.analystwarehouse.com), a rapidly-growing technology consulting firm that provides research and analysis to government agencies and others in the fields of national defense, cyber security and integrated security operations. Founded in 2007, Analyst Warehouse enjoyed rapid and sustained growth while working on high priority federal contracts involving various national security initiatives. Analyst Warehouse employees will remain in their customer spaces as employees of the newly formed Analyst Warehouse Division of InDyne, and the principals of Analyst Warehouse, Denver L. Riggleman III and Thaddeus M. Shaw, Sr., will remain in place as leads. “InDyne’s acquisition of Analyst Warehouse will enable the combined company to provide integrated security-related research and implementation services in a manner and at a level that is currently not available. The transaction was a tremendous success for both the parties involved and their customers,” said Jonathan R. Wachs, a Principal at Offit Kurman and Co-Manager of New Paradigm Counsel®, who served as legal counsel to Analyst Warehouse. Financial details of the transaction were not disclosed.
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