ANDOVER, Mass., April 26, 2010 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and technology solutions to federal and state governments, today announced that Paul Strasser has joined DRC as Senior Vice President of Strategic Development. In this newly formed position Strasser will be responsible for developing new business growth strategies that will further expand DRC's presence with federal government customers, including the Department of Homeland Security, the Department of Defense, civilian and intelligence agencies. Strasser will report to Jim Regan, DRC's president and chief executive officer.
"I am very pleased and excited to have Paul join DRC's senior management team in a critical leadership role focused on accelerating growth in our target federal markets. Paul's impressive track record of success in developing new business fits well with DRC's extensive portfolio of flexible contract vehicles and proven solutions. It's a winning combination," said Regan.
Strasser has more than 28 years of industry experience in senior management positions focused on developing technology services business with Federal Government customers. Most recently he served as Chief Operating Officer for Pragmatics, Inc. During his tenure of leadership, Pragmatics experienced five-fold organic growth from $31 million in FY 2004 to approximately $145 million, in FY 2010.
Prior to Pragmatics, Strasser served 19 years with Titan Corporation and its predecessor companies, providing business development and management oversight for a wide variety of organizations concluding with his position as vice president and division general manager for Titan Corporation's Enterprise Services and Solutions Sector. Throughout his career, Strasser has focused on delivering mission-critical information technology services and solutions and has led capture efforts for several large contracts, including some in excess of $1 billion in awarded value.
"I am looking forward to joining DRC's growing team in Washington, D.C. As a leading company in the government technology services industry DRC has strong capabilities, a highly skilled staff, and an enviable reputation for delivering high quality services that exceed customer's expectations," said Strasser. "This is a terrific opportunity. I am confident in our ability to significantly expand our presence in the high growth markets we have targeted, including homeland security, healthcare, high priority defense programs, cyber security, finance and intelligence agencies."
Strasser is active in several Industry Associations including AFCEA, the Industry Advisory Council (ACT/IAC) and TechAmerica.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering and technology solutions. DRC offers the capabilities of a large company and the responsiveness of a small company, backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts and the Washington, D.C. region. For more information please visit our website at www.drc.com.
Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to DRC's most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.