|By Marketwired .||
|July 10, 2014 04:46 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 07/10/14 -- Calian Technologies Ltd. (TSX: CTY) is pleased to announce that effective June 30, 2014 it has acquired DWP Solutions Inc. of Ottawa, Ontario. DWP Solutions Inc. has been in business for 18 years providing information technology and security consulting services to a variety of government and defence customers.
"With revenues of approximately $6 million, we expect this acquisition to be EBITDA accretive from day one" stated Jacqueline Gauthier, Chief Financial Officer. "DWP results will be consolidated and reported as part of the Company's Business and Technology Services (BTS) division".
"As part of our M&A plan, we continue to look for companies that align to our strategy of evolving our service lines and diversifing our customer base. For the BTS division, our goal is to continue to grow a vibrant services business that encompasses Health, Training and Information Technology" states Kevin Ford, President of Calian's BTS division. "We are excited about the acquisition of DWP as our client base is demanding more specialists in the area of cyber and security. The experience and background of DWP will help us expand our capability in this high demand market."
"Our customer's demand for service is growing. By joining forces with Calian, we are confident that we can scale to meet our customers evolving security needs" stated David Presley, President DWP Solutions Inc. "Likewise, our subcontractors will be able to access a wider range of opportunity to broaden their experience."
Calian employs over 2,400 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, training, IT services and operations and maintenance domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in. The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division delivers outsourcing services for a variety of technical and professional functions and provides health services to numerous domestic customers. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
About DWP Solutions
DWP Solutions Inc. provides information technology and security consulting services to both private and public sector clients in Ottawa, Montreal, and Toronto. DWP has an extensive list of services that include project management, business process reengineering, business continuity planning, disaster recovery planning, pandemic planning, privacy impact assessments, threat risk assessments, vulnerability assessments, physical security, forensic investigations, certification and accreditation, IT and application controls and compliance (SOX), identity management and developing IT security programs. Over the past 5 years, the company has undertaken a planned course of strategic growth to earn a first-class reputation in the marketplace and secure valuable supply arrangements for IT & cyber security with key customers including Canada Revenue Agency, Department of National Defence and PWGSC.
Certain information included in press releases on this site is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, see the reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
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