SM&A
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| Company type | Private |
|---|---|
| Industry | Aerospace defense health care software financial services |
| Founded | 1982 |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Ajay Patel (CEO) Jacque Keats (COO) |
| Services | Business Development, Competition Management / Proposal Management and Program Services (execution) consultation |
Number of employees | approx. 400 (January 2017) |
| Website | https://smawins.com/ |
SM&A, now SMA: The Program Lifecycle Company, founded in 1982 as Steven Myers & Associates, is a defense and aerospace consulting firm located in Irvine, California, United States. The founder of SM&A is Steven Myers. In 2008, Steven Myers sold the company to Odyssey Investment Partners, LLC and the name was shortened to simply SM&A.[1] The company is the world's largest provider of Competition Management services (business capture and proposal development).[2] They provide business capture and proposal leadership, program management, systems engineering, and expert support to major industrial customers in the defense, homeland security, aerospace, information technology, telecommunications, healthcare, and professional services sectors.
History
[edit]SM&A was founded in 1982 by Steven Myers and was incorporated in 1985 as Steven Myers & Associates, Inc. in California as a private company.[citation needed] The business began to grow under Ronald Reagan's implementation of further defense forces and technology during the Cold War. SM&A grew out of the need for new designs and programs called for in this era.
From 1990 to 1994, the company grew by 44%, despite previous speculation that the end of the Cold War would slow the growth of the defense sector.[citation needed] From 1995 to 1997, SM&A grew in terms of client diversification and infrastructure growth. The company now needed the capability to support over 40 proposals in a year along with proposal services. Their program services department grew heavily, accounting for 20% of the $37 million in revenue the company was bringing in.[citation needed]
SM&A became a publicly traded company under the name of Steven Myers & Associates, Inc. in 1998, with an opening stock price of $12.[3] They then began acquiring companies, including Space Applications Corporation and StamiNet, Inc. After these two acquisitions, the named was once again changed to “SM&A Corporation.”
November 1998 finished off with another acquisition, this time of Decision Science Applications, whose name was changed to SM&A Corporation-East. In December 1998, recently acquired company Space Applications Corporation, changed its name to SM&A Corporation-East, and merged StamiNet into the new firm.[4]
SM&A continued to acquire companies in 1999, including Systems Integration Software and Kapos Associates, Inc. The corporation also merged with Systems Integration Software, which became a wholly owned subsidiary of SM&A Corporation.[citation needed]
The early 2000s were filled with highs and lows. The corporation's name was changed once again, this time to “Emergent Information Technologies, Inc.” The company was forced to liquidate one of its 3 operating groups and disperse another in order to pay off debts. Emergent Information Technologies-East was sold to L3 Communications. The firm recovered and began supporting programs for high-value programs as well as extending their services to support engineering and other technical services.[5]
In 2002, the corporation's name was changed again, from Emergent Information Technologies, Inc. to its present name, “SM&A.” The following year, it went public on the Nasdaq National Market and closed at $9.78.[citation needed]
SM&A was incorporated in Delaware in 2006, was reincorporated through the merger of SM&A California and into SM&A Delaware, leaving SM&A Delaware as the surviving company. The company then proceeded to acquire Project Planning, Inc. and performance Management Associates, Inc.[citation needed]
In 2007, Steve Myers retired and Cathy McCarthy took over.[6]
SM&A also made several key acquisitions in 2010, including Project Planning, Inc., PMA,[7] ifour,[8] Black Ram Engineering,[9] and Cardinal Technologies[10] as it continued to grow and dominate the global proposal industry.
In July 2013, current CEO Ajay Patel took over the corporation.[11]
SM&A is currently doing business as SMA: The Program Lifecycle Company.
References
[edit]- ^ "Odyssey Investment Partners - Press Release". www.odysseyinvestment.com. Retrieved 2017-01-10.
- ^ "SM&A Corporation: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-01-10.
- ^ "SM&A (WINS) IPO". NASDAQ.com. Retrieved 2017-01-09.
- ^ "SECURITIES AND EXCHANGE COMMISSION - SM&A". Sec.gov.com.
- ^ Jones, Dow (2000-04-04). "SM&A Lands Contract for Government Systems". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-01-16.
- ^ "Steve Meyers Retires". Bloomburg.
- ^ "SM&A Acquires Performance Management Associates".
- ^ "SM&A Acquires ifour".
- ^ "Professional Services Firm SM&A Acquires Black Ram Engineering - Defense Daily Network". Defense Daily Network. Retrieved 2017-01-16.
- ^ "SM&A Acquires Cardinal Technologies, Inc. | Business Wire". www.businesswire.com. Retrieved 2017-01-10.
- ^ "Ajay Patel - President & Chief Executive Officer at SM&A, Inc". relationshipscience.com. Retrieved 2017-02-06.
