Lockheed Martin To Acquire Systems Made Simple

Press Release | Lockheed Martin, Systems Made simpe | October 30, 2014

BETHESDA, Md., Oct. 30, 2014 – Lockheed Martin [NYSE: LMT] has entered into a definitive agreement to acquire Systems Made Simple, a leading provider of health information technology solutions to the U.S. federal government.

Subject to the satisfaction of customary closing conditions, the acquisition is expected to close within 30 days. The terms of the agreement were not disclosed and are not material to Lockheed Martin. Once the transaction is closed, the company will report through the Corporation’s Information Systems & Global Solutions business area.

“Technology is rapidly transforming the healthcare landscape in the United States, and is critical to reducing costs and improving patient care,” said Lockheed Martin Chairman, President and CEO Marillyn Hewson. “Systems Made Simple’s capabilities in engineering health technology solutions are a natural extension of our existing health IT portfolio, and will enable us to deliver a broader portfolio of capabilities to meet our healthcare customers’ current and future needs.”

Systems Made Simple delivers technology and service solutions to improve, increase, enable and ensure the secure exchange and interoperability of information between patients, providers and payers. The company does significant work with the Department of Veterans Affairs (VA) in areas such as health data analytics, data center operation, health data management and health system interoperability. The company operates in the fastest growing part of the U.S. federal IT budget and was selected for the Transformation Twenty-One Total Technology (T4) contract that supports the VA’s IT modernization initiatives, a contract that Lockheed Martin is not currently involved in.

“Lockheed Martin and Systems Made Simple share a common technology vision and a common commitment to our nation’s veterans,” said Al Nardslico, Systems Made Simple Chairman and President. “We are proud to bring our collective experience to deliver more robust healthcare solutions to the men and women who have served our great country.”

Systems Made Simple is a privately held company headquartered in Syracuse, New York, with more than 500 employees in McLean and Charlottesville, Virginia; Salt Lake City, Utah; Tampa, Florida; and Austin, Texas.

This transaction will broaden Lockheed Martin’s capabilities across the spectrum of health IT operations – from developing sophisticated IT architecture for complex organizations to delivering custom applications designed to increase patient access and improve the overall patient experience. It will also expand Lockheed Martin’s relationship with the Department of Veterans Affairs, for which it provides IT-enabled disability case management services for veterans.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2013 were $45.4 billion.