ManTech lets Praxa off the leash

ManTech lets Praxa off the leash

Australian integrator Praxa seems to be cutting the apron strings to parent company ManTech, with the appointment of a new chief operating officer this week.

George Sutherland slides into the top job with outgoing chief executive officer Lino Rizio deciding to concentrate on his role as president ManTech Australia.

Rizio became Praxa CEO when ManTech acquired 51 per cent of the company in April last year.

"The way ManTech came into Australia was to set up a company, of which I am president and CEO. It was that vehicle that they used to invest in Praxa. When they took 51 per cent of Praxa, I was put in as CEO of Praxa as well," Rizio said.

"This year, since ManTech came on board, we've had something like 45 or 47 per cent revenue growth. And the profits are probably 50 to 100 per cent up on last year.

"Part of my role was to get an alignment with the way Praxa did business and the way ManTech did business. There's a strong reporting relationship back into the parent company and the way things were done in Praxa wasn't always consistent with the way ManTech requires reporting."

Rizio said "about seven" staff in Praxa's Brisbane office were made redundant recently, but they had been replaced. The staff losses were due to a shifting business focus.

"The focus in Brisbane was shifting far more towards large project business, turn-key projects, which has started to be very successful. And the skills that we had in terms of the area was not project-type skills."

Rizio will concentrate on expanding ManTech Australia through further acquisitions.

"Most of the players in the IT industry are fair game," Rizio declared. He said ManTech would be looking at other integrators like Praxa.

ManTech's core business is primarily with the US Department of Defence. Praxa is its only Australian activity at the moment.

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