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Reston VA, May 19, 2016 - STG Group, Inc. (OTCQB: STGG), a leading provider of mission-critical technology, cyber, and data solutions to multiple Federal Agencies, announced that it has appointed Joseph P. Nicholas to lead its Cybersecurity Sector, effective May 23, 2016.
Mr. Nicholas will join STG as the Senior Vice President and Sector Lead, Cybersecurity and Secure Information Systems. He will have management and operational oversight of the Company’s work developing leading-edge solutions to secure highly sensitive, mission-critical national security networks.
Mr. Nicholas brings to STG extensive experience in creating, transforming and leading development teams that have delivered groundbreaking information technology innovations across the national security and intelligence sectors. With over 25 years of experience driving strong organic growth within both new and established enterprises, Mr. Nicholas possesses insights and know-how to help expand STG’s strategic opportunities, build partnerships and advance its business model.
Paul Fernandes, President of STG, commented, “We’re delighted to welcome Joe to the STG team. His technical skills and leadership experience, combined with a deep understanding of commercial market opportunities and customer demands will be important as we develop and deploy new and innovative solutions in the Cybersecurity arena. We’ve identified significant opportunities to bring our differentiated cybersecurity capabilities to new clients in the defense, federal civilian and intelligence communities and are excited about Joe’s ability to help us meet the unique and stringent requirements of the government sector.”
Prior to joining STG, Mr. Nicholas served as the Vice President of the Cyber Intelligence and Operations Sector at the Parsons Corporation, which he joined in 2013. At Parsons, he had management responsibility for a team of over 500 people delivering in excess of $150M in revenue across the offensive and defensive cyber operations market.
From 1988 to 2012, he held a range of technology-oriented management roles with Northrop Grumman and TASC. As Director of the SIGINT Systems Operating Unit from 2009 to 2012, Mr. Nicholas oversaw significant new business growth, including the establishment of a $170M defense and intelligence organization supporting the US national security community. From 2005 to 2009 he was Director of the Operations and Technology Solutions Division, overseeing the successful capture and delivery of over $250M of new business. As Director of the Community Architecture and Integration Division from 1997 to 2005, he built an intelligence services business, which included obtaining a $100M systems engineering support contract.
“Security has always been at the top of my mind throughout my career as I’ve worked to protect critical information from unauthorized access” said Mr. Nicholas. “I’m excited to be joining a true industry leader like STG that deeply understands the gravity of today’s rapidly evolving cybersecurity situation, with its unwavering commitment to staying ahead of the curve with innovative solutions. I’m looking forward to helping STG grow and succeed in the near future.”
Mr. Nicholas also previously served in the USAF Reserve where he provided science and engineering support to national and USAF space and intelligence programs. He earned an MBA from George Mason University, as well as an MS from the Georgia Institute of Technology and a BA from the University of Virginia.
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company. Visit STG at www.stg.com.
This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s expected financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, risks relating to success in retaining or recruiting officers, key employees or directors, the potential liquidity and trading of our securities, and the size of our addressable markets and the amount of U.S. government spending on private contractors. In addition, please refer to risks described in the “Risk Factors” in STG’s Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.