News and Events

FOR IMMEDIATE RELEASE
Contact:
Steve Pinchotti
Altum, Inc. (www.altum.com)
703-675-3606
steve.pinchotti@altum.com

Altum, Inc. awarded SBA 8(a) and SDB Certification

Reston, VA. October 11, 2005 - Altum, Inc., a leading Government IT professional software products and services provider, announced today that it has been awarded the Small Business Administration’s 8(a) and Small Disadvantaged Business certification. The 8(a) Program offers a broad scope of assistance to socially and economically disadvantaged firms, while the SDB certification affords benefits in Federal procurement.

Companies certified under the SBA 8(a) program are permitted to form beneficial teaming partnerships and take advantage of certain streamlined Federal agency contracting processes. Moreover, participants can receive sole-source contracts, up to a ceiling of $3 million for goods and services and $5 million for manufacturing. Federal acquisition policies encourage Federal agencies to award a certain percentage of their contracts to SDBs. To speed up the award process, the SBA has signed Memorandums of Understanding (MOUs) with 25 Federal agencies allowing them to contract directly with certified 8(a) firms. Recent changes permit 8(a) firms to form joint ventures and teams to bid on contracts. This enhances the ability of 8(a) firms to perform larger prime contracts and overcome the effects of contract bundling, the combining of two or more contracts together into one large contract.

“We welcome our new partnership with the SBA. These two certifications will accelerate Altum’s continued, award-winning growth and strengthen its offerings to its customers and prospective customers”, stated Altum’s CEO, Ken Fang.

About Altum, Inc.

Altum's solutions help organizations monitor, measure, analyze, and improve their business by giving them control over their data. We are a professional software development and consulting firm that builds solutions that enable users to quickly access, analyze, and make informed decisions from the data locked up in corporate data sources.

Too often, enterprise systems are developed to process transactions and collect information. Relatively few allow users to easily get the information they need out of these corporate data vaults. Our systems focus on results by using a proven and robust query and reporting framework.

Our customers are delighted by cost-effective, high quality software solutions delivered on-time, on-budget, and with unparalleled customer service.

Altum's software and product solutions include the Altum Post-Award Grant Management Suite™ and the Altum Information Enhancement Suite™, each consisting of 4 modules: Collection Module™, Analysis Module™, Query Module™ and Search Module™. AltumMedigent ™ is a robust content management system and online collaboration tool.

Altum is proud to be nominated two years in a row as one of the 50 fastest growing technology companies in Virginia as well as one of the fastest 500 growing technology companies in North America (www.fast500.com).

Founded in 1997, Altum is a privately held corporation headquartered in Reston, VA, just outside Washington, D.C., with an additional location in Burlington, Vermont.

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