May, 2007 – LOS ANGELES, CA — RLH is pleased to announce the
acquisition of our portfolio company, ITS Corporation, by QinetiQ Group plc. ITS Corporation delivers IT engineering, and project management
solutions to defense, intelligence, and other agencies of the federal
government. ITS has earned repeated recognition by its clients for
superior service and customer satisfaction. QinetiQ (LSE: QQ) is a
leading UK-based defense technology and security company
with annual revenues over £1 billion. Together, the two organizations
offer a wide range of high-intellect services to a diverse set of commercial
and governmental customers. Since its acquisition, ITS has accomplished
yet another important milestone, being selected as one of only 29
vendors under a comprehensive new multi-billion dollar, multi-year,
federal IT procurement contract. We congratulate the ITS team on this
recent win, and on their success in combining high quality service
delivery, impressive growth, and substantial shareholder value creation.