MORRISTOWN, NJ - April 4, 2005 -- Artech Information Systems L.L.C., a leading provider of project management and software consulting services globally has been chosen to assist in improving the Federal Deposit Insurance Corporation's (FDIC) software development processes through a multiple award contract.

The FDIC announced this past week the award of a multiple award contract for information technology application services to produce and maintain a secure, efficient portfolio of application systems supporting FDIC business requirements. The 10-year contract, which has an estimated value potential of more than $550 million, is for a diverse range of IT services.

The contract, which consolidates up to 50 current contracts, is expected to reduce FDIC costs, improve services and provide additional accountability. It will use performance-based competitive task orders to ensure cost-effective service delivery and contractor accountability.

The award of this contract completes the FDIC's goal to consolidate its information technology contracts into longer-term strategic contracts.

Since 1992, Artech's solutions have been designed to address all areas of critical needs in managing clients' strategic eBusiness and IT investments. Some of Artech's services include IT consulting and staff augmentation, turnkey project management, infrastructure management, eCommerce and eBusiness, and business process outsourcing.

Based in Morristown, New Jersey, Artech has regional offices in Fremont, California and McLean, Virginia, field offices in Massachusetts, Connecticut, North Carolina and Texas, as well as a Level 4 SEI-CMM compliant and ISO 9001 certified development facility. Artech is an 8(a) Certified Small Disadvantaged Women Owned business and also a certified Minority and Women Owned Business Enterprise. For more information, connect to www.artechinfo.com.