TWD & Associates, Inc. Sells Majority Share of Subsidiary, James Communication, Inc.
Deal Fosters Relationship with Start-up CONETSCO LLC
Arlington, VA – June 24, 2014 – TWD & Associates, Inc. (TWD), a communication and collaboration solutions provider for the public sector, today announced it has signed an agreement to sell a majority share of its subsidiary, James Communication, Inc. (JCI) to start-up CONETSCO LLC. CONETSCO, a provider of information assurance, collaboration, enterprise architecture and program management services, was recently founded as a service-disabled veteran-owned small business focused on the federal government marketplace.
“We look forward to the potential new opportunities this transition will bring for all companies involved,” said Larry Besterman, President and Chief Executive Officer, TWD. “Our relationship with JCI has been mutually beneficial and we believe this is the best step forward for both organizations. Additionally, this acquisition will help CONETSCO expand its capabilities as a company, and will enable us to foster an ongoing relationship.”
JCI was originally acquired by TWD in 2006 and has a 23 year history of providing high-quality telecommunications infrastructure services to federal, state and local government customers. JCI holds a General Services Administration (GSA) Information Technology (IT) Schedule 70 contract to provide IT professional services to the federal government. As part of the agreement, CONETSCO will acquire JCI’s GSA Schedule and related operations.
“TWD is focused on delivering managed services and ‘as-a-service’ offerings such as UCaaS (Unified Communications-as-a-Service),” said Besterman. “This transaction will allow us to continue our progress in these areas.”
About TWD & Associates, Inc.
For 20 years, TWD & Associates, Inc. (TWD) has built and maintained communication and collaboration solutions for executive-level, national security-focused organizations. The Arlington, VA-based company employs highly-certified technical experts to offer cost-effective solutions that meet mission requirements. For additional information on TWD, please visit www.twd.com.