Stylianos Becomes Sole Owner of Mission Critical Technologies, Inc.
By purchasing the 51 percent ownership share of former partner Holly Stosic, Yorgos Stylianos has become sole owner of MCT in El Segundo.
June 23, 2011 (Newswire.com) - The Board of Directors of Mission Critical Technologies, Inc. (MCT) announces that it has approved the sale of the corporation to Yorgos Stylianos, who has also been elected CEO. Mr. Stylianos was co-founder of MCT in 1993 and conceived its basic business purpose to provide professional services in science, engineering and information technology (IT). By purchasing the 51 percent ownership share of former partner Holly Stosic, Mr. Stylianos has become sole owner of the company.
For most of his tenure at MCT, Mr. Stylianos has been its technology leader and visionary as CTO. Over the course of 18 years, the company grew rapidly, winning major IT project augmentation and systems development contracts from Fortune-500 clients such as Nestle USA, Warner Bros. Entertainment and Toyota, as well as performing healthcare IT at prominent institutions such as Cedars-Sinai Medical Center. Today, fully half of MCT's revenues ($20.5M in 2010) come from government contracting for agencies such as the U.S. Department of Health and Human Services (HHS), the Defense Advanced Research Projects Agency (DARPA) and the National Aeronautics and Space Administration (NASA).
"At this point in our breathtaking growth, MCT has some unique opportunities," Mr. Stylianos says. "In a time of challenging economic outlook, we've helped our commercial and healthcare customers innovate, expanding and enhancing their systems even as they face budget constraints. On the government side, our commercial agility informs our work, even as we forge ahead into advanced research fields, including quantum technologies and nanotechnology. For all these reasons, MCT will continue to offer exceptional value to its customers, and I'm committed to leading that effort with gratitude, a lot of pride - and enthusiasm."
Mr. Stylianos holds a degree in physics from Caltech. Besides consulting on MCT's systems initiatives, he has served as principal investigator on scientific research projects for the Defense Intelligence Agency (DIA) in areas such as biometrics, quantum technologies and spintronics, and micro-sensors. He resides in Los Angeles with his wife Beata and daughter Sophia. He is an active supporter and benefactor of Caltech.
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