LEXINGTON, MA--(Marketwire - Oct 4, 2012) - Oasis Systems, a leading provider of Information Technology, Systems Engineering and Enterprise Applications to the Department of Defense, announced today that it acquired Virginia-based RNB Technologies in an all-cash transaction.
RNB Technologies is an award winning defense systems engineering, analysis, intelligence, and information technology company. Founded in 2000 by retired Marine Corps Officer, Mr. Ron Oxendine, RNB has grown and developed an outstanding reputation within the defense community by demonstrating a passion for excellence and a commitment to quality.
Commenting on the acquisition, Tom Colatosti, CEO of Oasis Systems, said, "Ron has built a wonderfully successful company with highly competent and motivated people who are providing mission critical services to the U.S. Marine Corps and Navy." Combined, Oasis will have more than a dozen locations across the United States providing Command, Control, Communications, Computers, Intelligence Surveillance, and Reconnaissance (C4ISR) programs that support our war fighters across the globe."
As the industry adjusts to smaller defense department budgets and cost reduction initiatives, Oasis is committed to grow both organically and through acquisitions to provide greater capability to its customers and to increase the company's competitiveness through the benefits of scale to reduce overhead costs.
Mr. Oxendine will remain as a consultant to Oasis and will assist with the transition, as well as new business development. The current RNB President, retired Marine Corps Colonel, Skip Fink, will continue to be president of the RNB division and will report directly to Mr. Colatosti.
Colatosti concluded, "Skip is a dedicated and committed leader, who has had a tremendous positive impact on the growth of RNB. He has the passion, credibility and capability to ensure the seamless continuity of the business and to take RNB to its next level of success. Together we are going to build an even more successful company than what could ever be achieved as two stand-alone companies."
About Oasis Systems
Oasis Systems is a leading provider of Information Technology, Systems Engineering, Enterprise Applications and Program Management Services to the Department of Defense. Oasis has a reputation of anticipating and responding to customer needs by providing highest quality and cost effective technical solutions and analytical services. Oasis is currently managing more than $200 million of large scale Defense Programs.
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