April 4, 2011 - SRA International, a provider of consulting services to government organizations and commercial clients, today announced it has entered into an agreement under which SRA will be acquired by Providence Equity Partners in an all-cash transaction with a value of $1.9 billion.

The transaction will be financed through a combination of equity and debt. The debt financing is provided by BofA Merrill Lynch and Citigroup Global Markets.

SRA is a provider of consulting services to government organizations and commercial clients. Areas of focus include air surveillance and air traffic management; contract research organization services; cyber security; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; learning technologies; logistics; public health preparedness; public safety; strategic management consulting; systems engineering; and wireless integration. SRA has more than 7,300 employees and is headquartered in Fairfax, VA (www.sra.com).

Providence Equity Partners invests in the media, entertainment, communications and information industries and has approximately $22 billion of equity capital under management. The firm was founded in 1989 and is based in Providence, RI with additional offices in New York, NY; Los Angeles, CA; London, UK; Hong Kong; and New Delhi (www.provequity.com).