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Reston, VA, May 10, 2005 — STG, Inc., a leading provider of information technology, technical security, engineering, and scientific services support to the government and military, announced today that for the fourth consecutive year, STG has been named to the 12th Annual Washington Technology Top 100.
STG rose to the No. 61 spot on the 2005 Top 100, its highest ranking to date, on the strength of $159 million in prime IT contracting revenue.
STG has been climbing in the Washington Technology rankings ever since it won a spot in 2000 on Commits, the highly successful Commerce Department Information Technology Services contract. STG is also a prime contractor on Commits NexGen, the second iteration of the original Commits vehicle.
"It's been an evolution," says Phillip Foote, who has worked at STG since 1999 and was named chief operations officer last year. Simon Lee is the founder of STG and its CEO and chief strategist.
A big part of that evolution, Foote emphasizes, is building a reputation for excellence in performance-based contracting. "Unless you perform, it doesn’t matter what your strategy is," Foote noted.
Washington Technology, published by PostNewsweek Tech Media, publishes the Top 100 Online at www.WashingtonTechnology.com. The online version provides information and features not available in the print edition, such as an alphabetical listing of the Top 100 and breakdowns by industry sector and financial performance, among others. The Top 100 Online also offers profiles of all Top 100 companies, including information about their leadership, contract wins, and major markets.
"These numbers clearly show the growing role the Top 100 companies play in serving federal agencies," said Nick Wakeman, senior editor, who directed Washington Technology's Top 100 coverage. "Combined with our Top 100 Online, this is the best source of information for anyone who wants to know about the companies, trends and teaming opportunities in the federal IT market."
The Washington Technology Top 100 was compiled through the work of market research firm Federal Sources Inc. of McLean, Va., which analyzed fiscal 2004 procurement data from GSA's new Federal Procurement Data System-Next Generation. The investment bank Houlihan Lokey Howard & Zukin, also of McLean, provided financial Analyzes on the publicly traded companies on the Top 100.
Celebrating 20 years of excellence, STG has provided the