Stanley, Inc.

Stanley, Inc. (NYSE:SXE), acquired by CGI Group in 2010, was an information technology company based in Arlington, Virginia. Founded in 1966 as a small, entrepreneurial consulting company, it evolved into an employee-owned corporation with almost 5,000 full-time employees before being acquired by CGI Group Inc.

Overview

Stanley made its initial public offering on the New York Stock Exchange in October 2006, selling 6.3 million shares for $13.00/share, raising $81.9 million. A majority of stocks are owned by officers, directors and employees (the latter through an employee stock ownership plan).

The company’s largest customer was the U.S. Army. It also held contracts with the U.S. Marine Corps, U.S. Navy, Department of State, and Department of Homeland Security. It operated facilities for the production of United States passports[1][2] and for mailroom work and data entry for applications for U.S. visa and citizenship.

Labor Relations

The company controversially reduced wages when it took over the management of two facilities in St. Albans, Vermont, and Laguna Niguel, California in December 2007 which process immigration documents.[3] The United Electrical workers union (UE) became involved in an effort to create a union to protect low paid employees who process immigration records. As it was about to assume control, Stanley announced that it would be changing job classifications at the facilities to match the classifications specified in its contract, resulting in a pay decrease of about 12 percent which prompted Sen. Bernie Sanders from Vermont to call on the Labor Department to investigate what he charged was a violation of the Service Contract Act.[4]

Investigation

In March 2008, the U.S. Department of State, which is responsible for issuing U.S. passports, stated that two employees of a Stanley Associates subcontractor had been fired for improperly accessing the passport application file of (then) presidential candidate Barack Obama.[5] The State Department held a press conference[6] on March 21, 2008 regarding the breach. In each case, Stanley took immediate disciplinary action and employees were terminated the day the unauthorized search occurred. Stanley also stated its general policy and practice to cooperate fully with any potential Government investigation.

Additional information on Stanley's involvement in the breach has yet to be disclosed to the public, but an internal state department review suggested that the access may have been more widespread than initially reported.[7]

Corporate Mergers

In February 2006, Stanley acquired Morgan Research Corporation.[8] At the time of acquisition, MORGAN had annual revenues of approximately $70 million and 480 employees in Alabama, Florida, Oklahoma, and Texas, supporting customers including the U.S. Army Aviation and Missile Command (AMCOM), U.S. Army PEO STRI (Program Executive Officer for Simulation, Training, & Instrumentation), and NASA.[9]

On June 10, 2008, Stanley announced that it was acquiring Oberon Associates, a fellow defense contractor also based out of Virginia.[10] In April 2007, Stanley acquired Lawton, Okla.-based Techrizon LLC, a provider of software, training, simulation and information security solutions.[11]

On May 7, 2010, CGI Group Inc., a provider of information technology and business processing services, announced that they had entered into a definitive merger agreement to acquire Stanley.[12] The merger was finalized in August 2010.

Corporate Recognition

Washington Technology listed Stanley at the 50th position in its 2007 list of the top 100 U.S. federal government prime contractors.[13] In the 2008 listing, Stanley rose to the 48th position.[14] In 2009, Stanley rose to the 45th position.[15]

Fortune Magazine included Stanley in its 2007,[16] 2008,[17] and 2009[18] lists of the "100 Best Companies to Work For". The methodology that Fortune Magazine follows in determining the companies listed in the ranking includes an independent survey of a random sampling of company employees.

Stanley was ranked in the 10th position in the large companies category on the 2009 Best Places to Work in Oklahoma.[19]

The 2009 Washington Business Journal Best Places to Work ranked Stanley in the 17th position in the large companies category.[20]

References

  1. ↑ "Tucson to get secure passport production center". phoenix.bizjournals.com. 2007-12-10. Retrieved 2023-11-22.
  2. ↑ "Stanley, Inc. Press release, March 17, 2008. Stanley Awarded $570 Million Contract to Continue Support of Passport Program. Over 15-Year History of Providing Passport Services Continues". Archived from the original on January 14, 2019.
  3. ↑ Preston, Julia (December 2, 2007). "Immigration Contractor Trims Wages". The New York Times – via NYTimes.com.
  4. ↑ "Sanders Fights for Vermont Workers » Senator Bernie Sanders". Senator Bernie Sanders. Retrieved 2026-06-01.
  5. ↑ Cooper, Helene (March 22, 2008). "Passport Files of 3 Candidates Were Pried Into". The New York Times – via NYTimes.com.
  6. ↑ "Stanley Associates Website, March 21, 2008. "Official Statement from Stanley, Inc. in Response to Passport Files"" (PDF). Archived from the original (PDF) on July 16, 2011. Retrieved April 18, 2008.
  7. ↑ "Passport snooping may be more widespread". The Columbus Dispatch. March 27, 2008. Retrieved June 1, 2026.
  8. ↑ Gerin, Roseanne (2006-02-21). "Stanley finishes Morgan Research buy". Washington Technology. Retrieved 2026-06-01.
  9. ↑ "(PRN) Stanley Announces Completion of Morgan Research Acquisition". Chron. 2006-02-21. Retrieved 2026-06-01.
  10. ↑ "Stanley to acquire Oberon Associates". Archived from the original on October 20, 2018. Retrieved June 1, 2026.
  11. ↑ "Stanley to buy Techrizon". The Washington Times. 2007-04-16. Retrieved 2026-06-01.
  12. ↑ Wakeman, Nick (2010-05-07). "CGI Group to buy Stanley for $1 billion". Washington Technology. Retrieved 2026-06-01.
  13. ↑ "Washington Technology - Top 100 Federal Prime Contractors: 2007 – Stanley Inc". Archived from the original on January 6, 2009.
  14. ↑ "Washington Technology - Top 100 Federal Prime Contractors: 2008 – Stanley Inc". Archived from the original on August 2, 2009.
  15. ↑ "Washington Technology - Top 100 Federal Prime Contractors: 2009 – Stanley Inc". Archived from the original on March 15, 2010.
  16. ↑ "100 Best Companies to Work For 2007: Stanley snapshot | FORTUNE". money.cnn.com. Archived from the original on January 10, 2007.
  17. ↑ "100 Best Companies to Work For 2008: Stanley snapshot | FORTUNE". money.cnn.com. Archived from the original on January 29, 2008.
  18. ↑ "100 Best Companies to Work For 2009: Stanley - SXE - from FORTUNE". money.cnn.com. Archived from the original on January 25, 2009.
  19. ↑ "2009 Best Places to Work in Oklahoma - Stanley (10th position)". Archived from the original on April 7, 2010.
  20. ↑ "2009 Washington Business Journal Best Places to Work - Stanley (17th position)". washington.bizjournals.com. 2009-06-08. Retrieved 2023-11-22.
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