Hagerstown-area technology company NETCONN Solutions, which provides information technology services to Department of Defense agencies, has been acquired by Fairfax, Va.-based defense conglomerate General Dynamics.
NETCONN, or Network Connectivity Solutions Corp., was founded in 1997 by former Fort Ritchie employees. The company has about 160 employees at its 108 Western Maryland Parkway facility.
The acquisition was finalized Friday, General Dynamics spokesman Mark Meudt said Wednesday. The value of the cash transaction has not been disclosed.
NETCONN will become part of General Dynamics Information Technology, a business unit of General Dynamics that provides systems integration, systems engineering, professional services and simulation and training to customers in the defense, intelligence, homeland security, health, federal civilian government, state and local government and commercial sectors.
The Western Maryland Parkway operation will remain where it is, Meudt said.
General Dynamics hires employees primarily based on contracts, so additional hiring in Hagerstown will depend on the contract workload, he said.
NETCONN has been a prime contractor for the Defense Information Systems Agency since 1997 and is a prime contractor on the ENCORE II contract for services to the Department of Defense, the intelligence community and other federal agencies, according to a news release about the acquisition.
NETCONN was awarded an ENCORE II contract in 2008, the release said.
"NETCONN's capabilities and relationships will bolster General Dynamics' strong portfolio of services and solutions aimed at helping the Defense Department cut costs and increase efficiency while meeting large-scale, enterprise IT requirements," Dan Johnson, president of General Dynamics Information Technology, said in the release.
In a 2005 interview, NETCONN founding partner Randy Brenize described the company's rapid growth from the company he, Will Crampton and Linda Frakes started in their homes in 1997 to building a $2 million, 25,000 square-foot headquarters on Western Maryland Parkway.
As of that 2005 interview, NETCONN's revenue was growing at an average of about 80 percent a year.
NETCONN's website, www.netcsc.com, lists Judy York as president and chief executive officer, Brenize as the chief operating officer and Crampton as the chief financial officer.
Requests for comment from NETCONN executives Wednesday were referred to General Dynamics.