The majority stake in Apptis is held

The majority stake in Apptis is held by affiliates of New Mountain Capital and has roughly 1,000 experienced professionals employed at its offices in 35 states and 9 international locations. The acquisition excludes the Iron Bow product reseller subsidiary of Apptis, which will continue to operate as an independent and stand-alone company. Apptis generated total revenue of $298.2 million in 2010.

The high-end professional IT services

The high-end professional IT services, just as network management, software engineering, IT infrastructure design and implementation, identity management, cyber defense and cloud computing technologies, are expected to have a good growth prospect in the vast federal IT market. Computing technologies of Apptis are widely used by federal agencies in the emerging markets.

URS Corp. continues to see favorable trends in the federal government sector. There is strong funding for O&M programs, which signifies increased opportunities to support long-term Department of Defense initiatives and stable funding for the Department of Energy's environmental and nuclear programs, including the National Nuclear Security Administration. In 2011, the company expects its federal sector to benefit from its large indefinite delivery contracts with the Department of Defense as then as new opportunities with the Department of Energy. Furthermore, the company is not dependent on any single contract on an ongoing basis, and as such the loss of any single contract would not have any material adverse effect on its business.

However, since the company’s largest customers are from the federal market sector, loss of customers like the federal government, the U.S. Army, or DOE would have a material adverse effect on its business. As a government contractor, the company must comply with various procurement laws and regulations, and is subject to regular government audits. The violation of any of these laws and regulations could result in sanctions, contract termination, forfeiture of profit, harm to its reputation or loss of its status as an eligible government contractor.