ARLINGTON, Va.–(BUSINESS WIRE)–June 26, 2003–
Internosis, a General Atlantic Partners Investment, Achieves Over
50 Percent Federal Business Run Rate
Internosis, a privately held information technology consultancy and systems integrator, announced today the appointment of Raul Fernandez as its non-executive chairman. Fernandez founded Proxicom, Inc., which under his leadership evolved into a leading global provider of sophisticated e-Business solutions for Fortune 500 companies, went public in 1999 and was sold to Dimension Data (LSE: DDT) in 2001.
“I am very pleased to welcome Raul to the board. As a successful entrepreneur with deep knowledge of our markets, Raul has both the operational talents and strategic insight to help us to capitalize on opportunities for expansion,” said Bob Stalick, Internosis CEO. “Since its inception, Internosis has generated positive business metrics in a challenging economic climate. With Raul’s appointment, we’re now in an even stronger position to achieve our financial goals while improving the business value of the solutions that we deliver to our clients.”
Over the past year Internosis has dramatically increased its federal business and won clients such as the U.S. Army, the Department of Labor, the U.S. Navy, and the Defense Information Systems Agency (DISA), a combat support agency that performs a critical command, control, computer and intelligence systems mission under all conditions of peace and war. Additionally, Internosis received accolades for its Department of Defense solution, Homeland Security System(TM), a finalist for two of Microsoft’s 2002 Tech-Ed Business Productivity Awards. Founded in 2000, Internosis was the youngest company to be listed in The Washington Business Journal’s 2002 Top 50 Largest Private Companies.
“Internosis is very well-positioned to serve its government and commercial clients with its deep technical expertise and innovative solutions, and I’m excited to join the team,” said Fernandez. “The company has a great track record of technology and delivery success, which serves as an excellent platform for growth.”
Fernandez will provide the management team with strategic guidance, as Internosis strives to become the leading provider of Microsoft-centric solutions to major organizations globally. The decision to add a new board member and appoint a non-executive chairman is part of a continuous investment to better serve the company’s many clients while preparing for continued growth.
Mr. Fernandez also serves on the boards of Liz Claiborne (NYSE:LIZ), Critical Path (Nasdaq:CPTH) and many philanthropic organizations.
Internosis is funded by General Atlantic Partners, a leading private equity investment firm, and will continue to seek the firm’s strategic guidance as it grows both internally and through acquisitions. General Atlantic Partners has been integral to the success of local companies such as Legent, Proxicom, SRA International and Ztango as well as global companies including India-based Patni and U.K.-based Liberata.
About Internosis
Internosis is an award-winning IT consultancy and systems integrator that ensures predictable outcomes as it delivers business-driven solutions. Powered by Assured Performance, Internosis has built innovative solutions for numerous clients, including Sunoco, the U.S. Army, Analog Devices, the Defense Information Systems Agency (DISA), AARP, and the National Air and Space Museum. The firm is a Microsoft Gold Certified Partner, a Microsoft Certified Business Solutions Partner, and a six-time Microsoft Partner of the Year. Internosis is backed by General Atlantic Partners, the world’s leading private equity investment firm focused exclusively on global IT and communications investments. If maximizing ROI from IT investments is your driving concern, visit internosis.com or contact Internosis at 800/274-8381 or [email protected].
About General Atlantic Partners
General Atlantic Partners, LLC, is the world’s leading private equity investment firm focused exclusively on investing in information technology, process outsourcing and communications businesses globally. GA’s investment focus in IT includes providers of IT, IT-related services and users of IT in traditional industries such as healthcare, finance and government. The firm was founded in 1980 and has over $5 billion in capital under management. General Atlantic has invested in over 120 IT companies and has current holdings in about 60 companies, of which almost one-third are based outside the United States and which include Critical Path, Digital China, Eclipsys, Exult, iSoft Group, IXOS Software AG, Liberata plc, Patni Computer Systems, ProxyMed, SESA, SRA International, Upromise, Xchanging and Zagat. The firm is distinguished within the investment community by its deep experience and expertise in information technology, its global perspective and worldwide presence, its long-term approach to investments, and its commitment to provide sustained strategic assistance for its portfolio companies. General Atlantic has about 80+ professionals among its 150 employees worldwide with offices in Greenwich, New York, Palo Alto, Reston, London, Dusseldorf, Singapore, Tokyo, Mumbai, Hong Kong, and Sao Paulo. See www.gapartners.com for additional information.
(C) 2003 Internosis Incorporated. All rights reserved. All product
names herein may be trademarks of their registered owners.
