Key Developments For TechTeam Global Inc
TechTeam Global Inc (TEAM.O) (Consolidated Issue listed on NASDAQ Global Market)
TechTeam Global, Inc.'s TechTeam Government Solutions Wins Second Recompete to Support FEMA Independent Study Program
TechTeam Government Solutions, a wholly owned subsidiary of TechTeam Global, Inc., announced that it has been awarded its second recompete contract for the Federal Emergency Management Agency's (FEMA) Emergency Management Institute (EMI) Independent Study Program (ISP). The award includes a base period and four option years with a total value of at least $3.5 million if all options are exercised.
TechTeam Global, Inc. Announces Formation of New Global Life Sciences Business Unit
TechTeam Global, Inc. announced the formation of a Global Life Sciences Business Unit in response to continued growth and expanded opportunity in the life sciences industry. The creation of the Global Life Sciences Business Unit represents an important continuing strategic commitment to this industry vertical. The establishment of this business unit brings two important changes. First, the new organization will be led at the corporate level and will receive increased focus and attention as a business unit. Second, the scope will expand beyond the pharmaceutical industry to address customer needs more broadly in life sciences.
TechTeam Global, Inc. Announces Contract Renewal With Deere & Company
TechTeam Global, Inc. announced that it has renewed its service contract with Deere & Company through 2012. Under the agreement, TechTeam will continue to provide help desk support, desktop support, security administration and technical staffing for Deere in North America, as well as technical staffing and help desk support for European locations.
TechTeam Global, Inc. Awarded $15 Million Contract With Defense Logistics Agency
TechTeam Government Solutions, Inc., a wholly-owned subsidiary of TechTeam Global, Inc. announced that its NewVectors division has won a contract to provide support for the Defense Logistics Agency's (DLA) Enterprise Business System (EBS). The contract covers four years, including the initial contract period and options, and has a value of $15.28 million if all option periods are exercised and performance incentives are achieved.
TechTeam Global, Inc. Announces Changes In Management
TechTeam Global, Inc. announced the election of Gary J. Cotshott, the Company's President and Chief Executive Officer, to the position of Chairman of its Bof Directors. Mr.Cotshott replaces Alok Mohan, who is resigning as chairman to rebalance his time across various business and personal interests. Mr. Mohan will continue in his role as a board member.
