Ambit Wins $2.6M IT Program Management Contract with PBGC

RESTON, Va., Dec. 5 /PRNewswire/ -- Ambit Group, LLC (Ambit) continues to gain momentum and presence in the federal sector. Ambit, a Woman-Owned, Service-Disabled Veteran-Owned Small Business (SDVOSB), has been awarded a $2.6M one-year contract to strategically transform the Pension Benefit Guaranty Corporation's (PBGC) Information Technology Business and Governance. Ambit will provide PBGC's overall Program Management, Development and Implementation.

"We are particularly pleased to have been selected as the prime contractor to support PBGC's Information Technology Business Transformation Program. This award adds to our substantial book of business in PMO Support Services and provides the opportunity for expanding Ambit's qualifications in COBIT implementation," said John Condon, Ambit's CEO.

Ambit will serve as the prime contractor on all work at PBGC with subcontractor support from both CGI Group Inc. and a recognized IT valuation expert, Douglas W. Hubbard. Mr. Hubbard is the author of "How to Measure Anything: Finding the Value of Intangibles in Business," and has been named the "Father of Applied Information Economics."

"This award marks another substantial opportunity for Ambit to partner with CGI Group, Inc," said Condon, "We are thrilled to once again combine our strategic IT management expertise to realize the goals of this new project with PBGC."

The PBGC is responsible for protecting the pensions of nearly 44 million American workers in 30,330 private sector defined benefit pension plans. Ambit is excited to support PBGC's mission and has compiled a team of COBIT experts to drive the renovation of its current IT infrastructure.

"We welcome this partnership with PBGC and look forward to providing them with a dynamic network of IT industry leaders that will assist them in refining their overall technological efficiencies," said Condon.

Ambit Group LLC, based in Reston, Virginia, is leading Woman-Owned, Service-Disabled Veteran-Owned Small Business (SDVOSB) dedicated to serving the Federal marketplace. Ambit is uniquely positioned to provide specialized, innovative solutions and services while enabling and assisting Federal organizations to meet their set-aside responsibilities. Ambit possesses expertise rarely found in an SDVOSB. We provide results-driven, strategic management consulting and draw on proven methodologies and a commitment to our client's success to provide services and solutions that deliver meaningful, measurable and sustainable results. Ambit works with its partners and clients to bring best practice methodologies to bear in a manner that meets each organization's specific needs.