We expect to realize tremendous value from this transaction as Allegiance will extend and expand our offerings to our entire client base. We see this move as setting the stage for another phase of explosive growth, both for the benefit of our employees and our customers.
Reston, VA (PRWEB) June 5, 2008
InScope Solutions today announced that it has acquired Allegiance Advisory Group, a financial services firm serving the capital markets, mortgage, insurance, and energy sectors. Allegiance and InScope formed a partnership in late 2006 that led to substantial demand for their joint finance and technology solutions. Allegiance possesses deep experience in corporate strategy and execution, corporate finance, capital markets, compliance and governance. InScope is an award-winning provider of enterprise software, decision management, and optimized computing solutions.
"This acquisition is a perfect fit for InScope. It's not about entering the financial services market, it is about offering treasury and financial solutions to any organization in any sector," said Mike Bruce, CEO of InScope. "We expect to realize tremendous value from this transaction as Allegiance will extend and expand our offerings to our entire client base. We see this move as setting the stage for another phase of explosive growth, both for the benefit of our employees and our customers."
InScope is ranked among the 50 fastest growing companies by both Washington Technology and Washington Business Journal. Serving both the commercial and federal markets, the company fuses technology expertise and business acumen with industry-specific domain knowledge. This unique approach enables InScope to deliver solutions that address the most mission-critical challenges of its clients. Current customers include Freddie Mac, Fannie Mae, American Capital, Department of Energy, FINRA, PNC Bank, NASDAQ, and the IRS.
"In addition to our capabilities being complimentary, InScope's corporate values and approach to business were incredibly similar to ours," commented Stephen Masten, former owner of Allegiance and now Managing Director of InScope's Financial Services Practice. "I am excited about the opportunities that are now open to our employees and clients as part of a large, diversified, and growing company. This transaction creates a rare and valuable entity -- one that can advise on complex issues of finance and capital markets and then deploy the critical systems needed to facilitate effective governance and controls. InScope is incredibly well-positioned for continued success."
About InScope Solutions:
InScope Solutions partners with federal and commercial customers to drive maximum value from their business and technology investments. InScope bridges the gap between strategy and adoption with specialized expertise in decision management, enterprise software, optimized computing, and financial services. Customers include the Internal Revenue Service, USDA, Department of Energy, U.S. Navy, Department of Homeland Security, AARP, Freddie Mac and Fannie Mae. InScope is a veteran-owned 8(a) and has received a CMMI Level 2 rating for Systems and Software Engineering. More information can be found on the company's web site at http://www.inscopesolutions.com.
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