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Diverse Technologies to Help DOD Incorporate One Financial System Throughout World

Maryland Company Will Bring Innovation, Worldwide Unity to Complex Finance, Accounting System for Defense Agencies   
Feb. 28, 2002

Upper Marlboro, MD (Feb. 28, 2002) - Diverse Technologies Corp. (DTC), a dynamic professional services provider to private industry and federal, state and local governments, announced today that it will be a principle subcontractor with SAIC to enhance and improve the software/hardware systems for the Defense Finance and Accounting Service (DFAS).

This comes on the heels of an earlier announcement from Lockheed Martin, identifying Diverse Technologies as a principle subcontractor to provide systems integration services for the Defense Finance and Accounting Service Corporate Information Infrastructure. They will update and analyze the current DCII system project.

On the latest award, as principle subcontractor to SAIC, DTC will provide support to DFAS under the Defense Financial Integrated Services System II (DFISS II). It is a blanket purchase agreement to provide support to DFAS, whose customers are located worldwide. Those clients include the Navy, Army, Marine Corps and Coast Guard, Air Force and other DOD agencies.

“We worked hard to reach a level of service and quality to attain this sought-after honor. It solidifies Diverse Technologies Corp.’s position as a major provider of high technology and professional engineering support services,” said O. Tyrone Barnett, chairman and chief executive officer of DTC. “DTC will continue to outperform in the marketplace and provide cost-effective solutions and high quality work.”

The government is seeking to incorporate a cost-efficient, single financial reporting system that will unify every agency under the Department of Defense, including all branches of the military, eliminating legacy systems. DTC will serve as a principle subcontractor under the prime vendor, SAIC, which was awarded $95 million per year with no minimum guarantee.

The DFISS II project involves providing software support services, including software development lifecycle support, database administration, release management, data conversion, data warehouse development, commercial off-the-shelf software (COTS) product evaluation and system integration. Non-software services include document preparation, risk management, economic analysis, help desk support, process improvement, technical training and technology infusion.

DTC’s three core areas of business are information technology, financial management and logistics support. DTC has become known as one of the only small businesses in the United States to be awarded a prime contract to work on the largest financial system in the world: the Navy’s Standard Accounting & Reporting System (STARS). DTC’s expertise at the federal level and large presence in such states as Maryland, Pennsylvania and West Virginia have helped make the company a leader in the professional services market.

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Through its talented staff and innovative methodologies, Diverse Technologies Corp. serves customers in three core areas of business: information technology, financial management and logistics support.

DTC is a recognized and preferred partner with a number of large-scale companies, including Accenture, Deloitte & Touche, SAIC, Microsoft, Oracle, Cognos, Grant Thorton, KPMG, Resource Consultants Inc. (RCI) and Unisys.

DTC received numerous honors and commendations from such clients as the Defense Finance and Accounting Service, Office of Naval Research, Naval Air Warfare Center and Cognos Corp.

Privately held, DTC is based in Upper Marlboro, Md., near Baltimore-Washington International Airport and is minutes away from Washington, D.C. It also has operations offices in Lexington Park, MD, Mechanicsburg, PA, and San Diego, CA.. Please visit our Web site at diversetech.com.

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"Diverse Technologies Corporation has provided excellent support during the past year. They were able to increase our knowledge on both Impromptu and PowerPlay and through their guidance we were able to build numerous difficult reports. With their help, we now have our complete Supply and Operations Procedure data kit automated in Cognos. I would be willing to recommend DTC for any consulting support and training needs. "

Richard Herrin, Syngenta Corporation

 
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