TAMPA, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq:KFRC), a professional staffing and solutions firm, today announced that Kforce Government Solutions (KGS) and dNovus RDI have successfully integrated their capabilities to provide a full spectrum of solutions and services to large government enterprises. The merged entity will operate as KGS and provide the following capabilities:
* Enterprise Technology Solutions, providing extensive capabilities supporting all aspects of the systems development and sustainment life-cycle, including expertise in infrastructure operations, data management, advanced software development, systems integration, help desk/service desk support and hardware/software administration. * Financial Management and Accounting Solutions, providing comprehensive solutions support to assist federal agencies in improving their financial posture, achieving audit readiness, and gaining confidence in their financial data. * Healthcare Informatics, providing systems engineering, database/system administration and software process improvement, Health Insurance Portability and Accountability Act of 1996 (HIPAA) compliance assessments vital to healthcare security, and proven competence in critical healthcare systems where "zero defect" software is a mission critical requirement. * Knowledge Sciences Solutions, providing clients with a roadmap to Data Confidence(r) -- our proprietary KGS methodology for delivering ready access to current, complete, relevant, trusted data and information for timely, informed decision-making. * Professional and Technical Solutions, managing and protecting customer's information by providing them with innovative, "best of breed" cyber security, network operations, information assurance, and business performance improvement solutions. * Research & Development, providing customers with breakthrough technologies and research and development expertise in systems engineering, human factors engineering, cognitive systems engineering and biopsychology system applications that deliver innovative solutions in specialized areas including remote sensing, intelligence, physiological research, chemical/biological warfare countermeasures and weapons systems design.
Among KGS' primary customers are the Department of Veterans Affairs (VA), Department of Education (ED), Department of Homeland Security (DHS), U.S. Air Force (USAF), U.S. Army (USA), U.S. Marine Corps (USMC), other Department of Defense (DoD) organizations and civil agencies.
"This merger allows us to leverage the significant strengths and synergies between KGS and dNovus to advance our commitment to growing our federal government solutions and services business," said David Dunkel, Chairman and Chief Executive Officer, Kforce Inc. "KGS has consistently been a strong performer and now, with the added depth of expertise brought by dNovus, we believe we are positioned for strong growth in the future."
Added KGS President Larry Grant: "Combining the unique strengths of KGS and dNovus allows us to expand the leading-edge and innovative solutions and services we provide to our government clients. We believe it is another stepping stone in our goal to achieve our vision of being a leader in client satisfaction and growth in the federal government services and solutions sector by providing the scale, expertise, and market footprint needed to continue to drive organic growth."
Glen Shaffer (MGen USAF Ret), Executive Vice President, KGS commented: "Everything about this acquisition and merger has been positive. All of us from legacy dNovus have felt welcomed since day one and we are seeing the strengths of our new team take effect very quickly. I could not be more excited about our future."
KGS has been serving federal, state and local government clients since 1970. Headquartered in Fairfax, VA with offices in San Antonio, TX and Tampa, FL, KGS has more than 750 associates supporting government clients in 20 states.
About Kforce
Kforce (Nasdaq:KFRC) is a professional staffing firm providing flexible and permanent staffing solutions in the skill areas of technology, finance & accounting, and health and life sciences. Backed by over 2,000 staffing specialists, Kforce is committed to "Great People = Great Results" for our valued clients and candidates. Kforce operates with 63 offices in 41 markets in North America and two in the Philippines. For more information, please visit our Web site at http://www.kforce.com.
About KGS
Kforce Government Solutions, a wholly-owned subsidiary of Kforce Inc. (Nasdaq:KFRC), provides innovative solutions to federal government. For more information, visit www.kforcegov.com.
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Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions and growth in the staffing industry and general economy; competitive factors, risks due to shifts in the market demand, including, without limitation, shifts in demand for our Kforce Government Solutions, Health and Life Sciences, Finance and Accounting and Technology groups, as well as the market for search and flexible staffing assignments; changes in the service mix; ability of the Firm to complete acquisitions; and the risk factors listed from time to time in the Firm's reports filed with the Securities and Exchange Commission, as well as assumptions regarding the foregoing. In particular, there can be no assurance that the above estimates of revenues and earnings per share will be achieved. The words "should," "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. The Firm undertakes no obligation to publicly update or revise any forward-looking statements. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.