"Veritas Capital acquires selected assets of MZM, Inc. to form Athena Innovative SolutionsThe new website was registered on 16-Sep-2005, to:
NEW YORK – August 17, 2005 – Veritas Capital, a leading private equity firm focused on the defense and federal sectors, announced today it has reached a definitive agreement to purchase selected assets of MZM, Inc., a provider of services to the national security community. The acquisition, for an undisclosed sum, is expected to close in the middle of September.
The transaction includes, but is not limited to, all of the existing contracts, relationships and employees, and assumes only specific liabilities associated with the ongoing operations of those assets, which will be acquired through a newly created subsidiary, Athena Innovative Solutions, Inc."
Athena Innovative Solutions Inc.
1523 New Hampshire Ave NW
Washington, DC 20036
(the really observant among you will recognise that address - the name of the company that bought the Duke's house was "1523 New Hampshire Ave NW Co" - which is also the address of MZM in DC.)
Gee - they sure kept that story quiet didnt they? this happened 3 months ago.
The new company is headed by MZM's James C. King - "a former Lt. General from the Army, who once headed the National Imagery and Mapping Agency."
"King established and led the National Imagery and Mapping Agency, which is an agency in the Defense Department that collects and analyzes satellite images. NIMA is currently leading the U.S. government-funded effort to develop a spy satellite that can focus in on something as small as a person." (link)
BTW - Laura was asking what mzm do in iraq:
* there's this: " ... a $5 million sole source contract to provide interpreters in Iraq.." (link)
* and this:
"On March 21, 2003, MZM received a $1.2 million contract from the Defense Department to send 21 interpreters to Iraq. MZM would not disclose any specific information about the contract. But, according to a copy of the eight-page contract, which the Center for Public Integrity received under the Freedom of Information Act, MZM will provide linguists to serve as interpreters for U.S. government representatives, ministries and other government offices, and during interrogations and investigations. The company will "provide collections of foreign language voice signals" and transcribe recorded voice communications. The contract also calls for MZM to "produce written and/or taped materials to support civil affairs and/or psychological operations (PSYOPS)." There are two amendments to the contract, but the Defense Department redacted descriptions of the modifications, and also blacked out the final, post-modification estimated price and the ceiling price for MZM's services." (link)everyone wants to be into psyops, huh? Lincoln Group, BKSH, MZM, Rendon - who else?
1 comment:
Lukery --- I could not find your e-mail address, and I know that you are tracking US Army recruiting -- so I thought that you might find this article interesting:
http://www.bgnews.com/vnews/display.v/ART/2005/12/12/439eeb3bace97
Money quote 1: "Army officials have said they expect this to be an extremely difficult year for recruiting, in part because of the Iraq war. In the budget year that ended Sept. 30, the Army fell more than 6,600 recruits short, or about 8 percent below its target of 80,000, although it pointed to strong re-enlistment as a sign that young soldiers find their work rewarding amid speculation that war-time duty is putting too much stress on soldiers.
Re-enlistment has sagged somewhat since September, however. In October the active-duty Army met 91 percent of its retention goal and in November it got 94 percent, for a combined two-month shortfall of almost 1,000 soldiers."
Money Quote 2: "The recruiting results for November were mostly positive, although the Army set a substantially lower goal than in November a year ago. The active-duty Army signed up 5,856, compared to its goal of 5,600. In November 2004 it signed up 6,838 against a goal of 6,800."
Any idea if this is typical?
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