HUNTSVILLE, Ala., June 10,
2024 /PRNewswire/ -- NexTech Solutions (NTS) has
entered into an agreement to acquire 100% of the issued and
outstanding shares of common stock of Rome Research Corporation
(RRC), with an expected close by the end of Q2, 2024. NTS provides
mission-focused solutions with cutting-edge technology, systems
engineering, testing and evaluation, software, and subject matter
experts to support U.S. DoD missions.
PAR Technology Corporation (NYSE: PAR), a global restaurant
technology company providing unified commerce solutions for
enterprise foodservice, announced today that it has agreed to the
sale of its Government operating segment via the sale of its wholly
owned subsidiaries: PAR Government Systems Corporation (PGSC) and
Rome Research Corporation (RRC) for a combined total of
$102 million.
"NTS has agreed to acquire RRC to diversify our customer base
and push our services into multiple COCOMS across the globe. NTS
leadership has a deep history with OCONUS services and was
impressed by the breadth of services offered by RRC and
Rome's outstanding reputation and
past performance," said CEO Joseph
Paull.
In 2023, NTS secured a strategic investment from Clairvest, a
top performing private equity fund with more than $3 billion of assets under management, to become
a platform company for growth in the defense technology sector. NTS
operates locations in Tampa,
Huntsville, and Northern Virginia.
"This acquisition marks a significant milestone for NTS. We
are excited to welcome the talented RRC Team and continue
building upon what they have created. We will ensure a smooth
transition for their employees and customers as we integrate them
into NTS' Mission Support Solutions (MSS) business unit,"
said Kris Nagy, EVP
MSS.
About NTS
For over 11 years, NexTech Solutions (NTS) has provided
systems engineering, testing and evaluation, and operational
support, integrating hardware, software, and subject matter experts
to support U.S. DoD missions. Our experts and engineers understand
the challenges organizations face in finding and implementing the
best defense technology solutions to meet their mission-critical
objectives as the global tech landscape dynamically evolves.
We proudly support the United States Department of Defense and
many other U.S. government customers around the world to
determine the best solutions for exceeding mission objectives.
To learn more about NTS, please visit our website NTS, or
connect with us on LinkedIn, Facebook, and Instagram.
Contact: Emilie Daigle -
marketing@nextechsol.com
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SOURCE NexTech Solutions