Fate | Sold, defense related business to CACI, rest of the company to CGI Group |
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Founded | 1970 |
Defunct | 2004 |
Headquarters | Fairfax, VA |
American Management Systems (previous NASDAQ symbol: AMSY) was a high technology and management consulting firm, founded in 1970 by a group of five former Defense Department officials who had worked under Robert McNamara in the Kennedy and Johnson administration. The company grew throughout the 1980s and 1990s, implementing key systems such as the accounting system for New York City and The Standard Procurement System for the United States Department of Defense. The company was acquired by CGI Group in 2004, with AMS's federal defense business being acquired by CACI.
AMS was founded in 1970 by five former Defense Department "Whiz Kids": Charles Rossotti, Ivan Selin, Frank Nicolai, Patrick W. Gross, and Jan Lodal. The company's initial headquarters were in the Washington, D.C. suburb of Arlington, Virginia. From its inception, much of AMS's revenue was derived from contracts with federal agencies. The company grew quickly during the 1970s. During its first decade of operation, AMS focused its business on consulting and selling customized software to large government and corporate organizations.
The company grew to over nine thousand employees, with many offices in both the United States and other countries. At one point in the 1990s, one quarter of the company's revenue, albeit none of the profit, came from Europe. Much of its business centered on creating large computer systems for various government entities. It created a large accounting system for New York City during the city's recovery from its fiscal crisis in the late 1970s, and won an award for the Defense Department's Standard Procurement System in 1997.