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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Top Stories

    Posted By Gbaf News

    Posted on June 9, 2018

    Featured image for article about Top Stories

    TeraThink, an information technology and management consulting firm, has completed an asset purchase agreement to support the Defense Logistics Agency’s J6 Enterprise Technology Services (JETS) contract vehicle from a third-party.

    The multiple-award firm-fixed-price quantity contract has a five-year base period of performance, one three-year option, and a total contract ceiling of up to $6 billion including the option period. The DLA has purchased over $500M in IT services through the vehicle since March 2017.

    The DLA is the Department of Defense’s combat logistics support agency, providing worldwide logistics support in both peacetime and wartime to the military services as well as several civilian agencies and foreign countries. The DLA JETS program offers DLA a consolidated vehicle for all of its enterprise information technology needs, including development, sustainment, and modernization of applications, infrastructure, hardware, software, and systems. TeraThink will compete for task orders related to 21 Task Areas ranging from network and technology services, to application development and sustainment, including information assurance and cybersecurity, systems engineering and enterprise architecture support, and other technology and program support services under the contract.

    “TeraThink believes our Digital Transformation, Enterprise Applications and Information Management capabilities are a great fit for DLA’s needs, and clearly align to the recently released 2018-2026 DLA Strategic Plan,” said TeraThink’s CEO, Dan Maguire. “TeraThink welcomes the opportunity to assist DLA Information Operations (J6) in realization of its vision of a ‘global presence, agile and innovative, and focused on the warfighter first.’ We look forward to expanding on over ten years of exemplary mission support to DLA through the acquisition of this vehicle.”

    Work under the vehicle will take place at DLA installations worldwide, including Columbus, OH, Philadelphia and New Cumberland, PA, Richmond, VA, Battle Creek, MI, Ogden, UT, Honolulu, HI, and Kaiserslautern, GE, as well as the National Capital Region.

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