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October 3, 2002
October 3, 2002 - WASHINGTON, D.C. - Covington & Burling represented privately-held Decision Systems Technologies, Inc. (DSTI), of Rockville, Maryland, an information technology, engineering, and science solutions provider to federal government clients, in its sale to STG, Inc., an information technology, engineering and professional services firm also serving the federal government market. In the transaction, which closed yesterday, STG acquired all of DSTI's outstanding stock for a combination of cash and notes. The deal also included provisions for deferred purchase price to be paid to the selling stockholders based on DSTI's post-closing financial performance.
Covington's legal team for the transaction was led by corporate partners Edward C. Britton and Catherine J. Dargan and included Brian C. O'Fahey (corporate), Scott D. Feldstein (tax), Kathleen Gallagher-Duff (intellectual property), Robert S. Newman (employee benefits), and Alan A. Pemberton (government contracts).
For more information, please contact Edward Britton, 44.(0).20.7067.2119 or Noël Decker, 202.662.6361.