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Springs software firm wins $300M contract, plans 100 jobs
Comments 0 | Recommend 0Intelligent Software Solutions Inc. today won the biggest government contract in its 12-year history, a $300 million deal with the Air Force Research Laboratory that will result in the company hiring about 100 employees this year.
About two-thirds of the hires will be at the company’s Colorado Springs headquarters, said ISS President Jay Jesse.
The latest hiring will continue an expansion already under way to work on a four-year, $8 million contract awarded last month for the laboratory’s Autonomous Space and Ground Systems for Space Superiority program and to support a major sale in March of the company’s command and control enterprise software to the Canadian Air Force.
The five-year Web Enabled Temporal Analysis System Toolkit contract will start with about $50 million to complete more than 100 projects for 50 military commands and likely will reach $300 million within two years, Jesse said. Much of the work includes installing the company’s data analysis software on more military computer networks, including some in Afghanistan and Iraq, and expanding use of its software that tracks significant events, such as bomb explosions and troop movements.
“This has been an outstanding year for ISS, Despite the recent economic downturn, we have actually grown substantially,” Jesse said in a news release issued today. ISS now employs about 250 in the Springs and 150 in other locations worldwide.
The company expects to increase its revenue from $60 million last year to nearly $80 million this year and hopes to reach $100 million next year, he said.
Privately held ISS was started in 1997 by Jesse and three other former engineers from GTE Government Systems. The company now handles about 70 information technology contracts totaling nearly $600 million, mostly with the Air Force, but also including work for the Naval Surface Warfare Center, the Coast Guard, agencies in the U.S. intelligence community, Northern Command in Colorado Springs and several other joint military commands.
