Globecomm Awarded A New Contract

Globecomm Systems Inc. GCOM announced that the Company’s wholly-owned subsidiary, Cachendo, has been awarded a one-year information technology (IT) support services agreement to support the U.S. Agency for International Development (USAID), valued at up to $9.0 million. Cachendo is a subcontractor to Catapult Technology, Ltd. under the terms set forth in the contract. The agreement includes options, which if exercised would bring the total contract value up to $44.2 million over 5 years. The U.S. Agency for International Development administers the U.S. foreign assistance program providing economic and humanitarian assistance in more than 80 countries worldwide. Pursuant to the terms set forth in the contract, Cachendo will provide IT support services relating to website domains plus deployable IT support for Disaster Assistance Response Teams. This includes program management, operations and maintenance, systems development, communications and field operations support, IT equipment procurement, maintenance, storage, distribution, and network connectivity.