SILVER SPRING, MD (December 14, 2011) — Acquisition strengthens TSC’s Space Systems Engineering and Procurement Support.
Technology Service Corporation, an employee-owned high technology company based in Silver Spring, Maryland, has acquired Praxis, Inc. in an all-cash transaction. Praxis specializes in System Engineering, Space Systems and Technology, and Technology Management and Acquisition. Headquartered in Alexandria, Virginia, Jane Schaub will remain as Praxis’s President, reporting to David Schubert, TSC Vice President, Washington Operations. Praxis will operate as a wholly owned subsidiary of TSC. With this acquisition, combined TSC annual revenue is projected to exceed $115 million. TSC CEO, Bob Graziano, stated that the addition of Praxis “will broaden TSC’s footprint in the Capital region and add expertise in Space Systems Engineering, Technology, and Procurement Support. Praxis also substantially broadens the classified component of TSC’s business.” TSC is a 100% employee owned company engaged in advanced technology development and engineering services for major Intelligence/Surveillance/Reconnaissance(ISR) programs. TSC headquarters are located in Silver Spring, Maryland with additional operations in Fairfax, Virginia; Huntsville, Alabama; Bloomington, Indiana; Trumbull, Connecticut; and Los Angeles, California. Additional information is available at the TSC website.
Praxis, Inc. is a leading provider of innovative scientific analysis and engineering solutions to the U.S. government. Our scientists and engineers work to solve complex technical problems in the areas of space systems, instrumentation, defense and intelligence, and information technology. Praxis, Inc. is headquartered at 5845 Richmond Highway, Suite 700, Alexandria, VA. For additional information, visit the Praxis website.
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