SRA Will Help Enhance Fraud Detection for the Food and Nutrition Service
SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, today announced that it has been awarded a single-award blanket purchasing agreement (BPA) by the U.S. Department of Agriculture's Food and Nutrition Service (FNS), to develop the next generation of the anti-fraud locator using electronic benefits transfer (EBT) retailer transactions (ALERT) system. The goal is to improve fraud detection on an ongoing basis, for both known and unknown fraud types. The BPA has a ceiling of $25 million over a 10-year period, if all options are exercised.
The ALERT system is a fraud-detection, decision-support system designed to monitor and track electronically conducted retail transactions completed by Supplemental Nutrition Assistance Program (SNAP) recipients in authorized meal program and food retailer locations. The ALERT system facilitates management of the program by providing transaction-level information to the federal personnel responsible for SNAP retailer management and compliance activities.
SRA will work with FNS to develop the next-generation ALERT system, to enhance its functionality and modernize its technology. SRA's solution includes advanced analytics, data mining and pattern recognition to increase the volume of fraud detection. SRA has also proposed a geographic information system solution that will allow investigators the ability to detect fraud based on geospatial analysis.
"SRA has a long history of applying analytical tools and methods to large data sets to identify fraud, waste and abuse," said SRA Health and Civil Services Senior Vice President Max Hall. "SRA is proud to support this important mission and - especially in times like these - we're confident our fraud detection expertise will help ensure that benefits are used for their intended purpose."
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; cyber security; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; public safety; strategic management consulting; systems engineering; and wireless integration.
FORTUNE® magazine has chosen SRA as one of the "100 Best Companies to Work For" for ten consecutive years. The company and its subsidiaries employ more than 6,900 employees serving clients from headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit www.sra.com.
Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of Oct. 16, 2009. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to Oct. 16, 2009.