Anthony L. Otten
Anthony L. Otten
CEO, Versar Inc.Mr. Anthony Otten has been a Versar Director since 2008 and is currently the Chief Executive Officer of Versar. Mr. Otten serves on the Executive Committee of Versar and is Chair of the Company’s Strategic Development Committee. Mr. Otten has more than 25 years’ experience as a Chief Executive Officer and Chief Financial Officer, with extensive experience in general and financial management, corporate finance, turnarounds and workouts both in and out of bankruptcy, mergers and acquisitions and strategic planning. Mr. Otten has worked in a number of industry segments, including manufacturing, distribution, government contracting, technology, real estate and financial services. Mr. Otten received a Bachelor of Science degree in Political Science from the Massachusetts Institute of Technology, with a minor in Economics, has done graduate course work at the London School of Economics, and has a Masters in Public Policy from Harvard University's John F. Kennedy School of Government.
News mentions
JCSS, which will now be known as Versar Security Systems, is headquartered in Gaithersburg Versar, Inc. announced recently that it has completed the acquisition of Johnson Controls' specialized federal security integration business, formerly known as Johnson Controls Security Systems (JCSS). JCSS is a security systems integrator serving Federal clients by designing, installing and supporting complex physical security, network security, and facilities management systems. The purchase price of $20 million was paid with a combination of cash and contingent consideration. Further, Versar has put in place a new banking relationship with Bank of America to support both the acquisition and ongoing working capital needs. JCSS, which will now be known as Versar Security Systems, is headquartered in Gaithersburg, Maryland, generated approximately $34 million in trailing twelve month revenues from key long term customers such as the Federal Aviation Administration and the Federal Emergency Management Agency. The acquisition also brings a significantly funded backlog and is expected to be accretive immediately. Tony Otten, CEO of Versar, said, "JCSS is an exciting and important acquisition for us as it expands our service offerings to include higher margin classified construction, enabling us to generate more work with existing clients and positioning us to more productively compete for new opportunities. A key element of our growth strategy is our focus on adding complementary capabilities to our already robust portfolio of service offerings with the goal of strengthening our visibility in the marketplace and increasing our ability to provide a broad range of customized solutions in virtually any location or environment."
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