KippsDeSanto & Co. Advises Federal Concepts, LLC on its Sale to Jorge Scientific Corporation

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Federal Concepts, LLC (“FedConcepts”), by Jorge Scientific Corporation (“Jorge”), a portfolio company of J.H. Whitney & Co., LLC. Jorge acquired FedConcepts to deepen its cyber-security and network infrastructure architecture, design, and engineering capabilities. The transaction closed on February 1, 2011.

Headquartered in Stevensville, Maryland, with significant operations in Quantico, Virginia, FedConcepts’ cyber-security solutions significantly fortify and enable secure operations of high-target networks and IT environments, including Secret Internet Protocol Router Network (“SIPRNet”) and Non-Classified Internet Protocol Router Network (“NIPRNet”) nodes, amongst others. Key customers include the Marine Corps Network Operations & Security Center and the Treasury Office of the Comptroller of the Currency. FedConcepts employs a team of cleared, highly certified professionals possessing technical expertise that are both current customer specific, and also highly applicable to a diverse population of potential clients with similar security needs. We believe this transaction represents a number of key trends in government and defense technology M&A:

• Companies with leading cyber-security capabilities remain at the forefront of industry acquisition criteria;
• Technical and customer focus and depth that is easily integrated to meet clear strategic need(s) increasingly drives strategic interest;
• Thoughtful explanation and strategic positioning of rapid growth, and sustainability of strong profitability can drive premium transaction results;
• Years of industry consolidation along with continued strong private equity interest in the sector are increasingly providing a new crop of buyers with strong management horsepower and financial backing.

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

PRESS RELEASE

Jorge Acquisition of FedConcepts Enhances IT & Cyber Security Offerings, Facilitates Growth and Expansion of Markets

ARLINGTON, Va., February 1, 2011 — Jorge Scientific Corporation (Jorge), a leading provider of mission critical services to the Armed Forces and the federal government, has announced that it has acquired FedConcepts — an award-winning IT services and cyber-security provider to the federal government.

”Taking a cue from Jorge’s record-breaking success in 2010, we’re continuing to grow and expand our markets by acquiring one of the industry’s most successful IT services and cyber security firms,” announced Chris Torti, President and CEO of Jorge Scientific Corporation. “Together, our combined strength will fuel the entrepreneurial and innovative spirit of the team and further elevate our effectiveness in supporting our customers’ broad spectrum of mission-critical requirements.”

“This relationship with FedConcepts is a positive step forward for all of our stakeholders,” noted Judith Jorge Hartman, founder of Jorge Scientific Corporation. “It provides outstanding opportunities for our respective employees, increases the array of opportunities for our partners, and ensures that our customers can leverage our growing list of capabilities and markets to meet their emerging needs.”

“Jorge’s culture is a perfect fit for FedConcepts,” added Christian Sullivan, founder of FedConcepts and now Jorge’s Executive Vice President. “We each have reputations for best-in-class program management and functional expertise, we’ve both experienced industry-leading organic growth, we share a strong drive to be a Great Place to Work for our employees, and we’re eager to enhance our delivery of the highest caliber IT architecture, engineering and cyber security support in the market.”

About FedConcepts
FedConcepts provides cyber-security solutions for high-end systems and network engineering professional services to clients within the federal government’s civilian and defense sectors. A Microsoft Gold Partner since its founding, FedConcepts’ success has been recognized with several industry accolades and ranked among the most successful firms in the industry, including the 2010 Maryland Tech Council’s Government Contracting Firm of the Year, the 2009 Maryland Future 50, the 2008 Top 10 in Baltimore, 2007 Top 15 in Baltimore and four consecutive appearances on the annual lists of Inc. 5000 Fastest Growing Private Companies in America. For more information about FedConcepts, visit www.fedconcepts.com.

About Jorge Scientific Corporation
Founded in 1986, Jorge specializes in rapidly deploying solutions in support of a vast array of clients in the federal government, Department of Defense (DoD), U.S. Armed Forces and intelligence community. Jorge consistently delivers mission-critical solutions with agility and the utmost commitment to quality, compliance and integrity. Jorge’s dedication to providing quantifiable results for its customers and drive to be a Great Place to Work for its employees worldwide has made Jorge the industry leader it is today. Headquartered in Arlington, Va., Jorge features offices in Patuxent River, Md., Beltsville, Md., Tampa, Fl., and Warner Robins, Ga. Jorge personnel deliver complete C4ISR solutions including engineering, intelligence surveillance and reconnaissance (ISR), logistics, information technology, program management, financial management, irregular warfare, strategic communications and other services throughout the United States and abroad.