Vangent Awarded Contract to Support U.S. Department of Education's Office of Federal Student Aid

Market Wire, October, 2008

Vangent, Inc., a leading global provider of information management and strategic business process outsourcing solutions, today announced that it won an Enterprise Development Support Services (EDSS) Development Services (DS) contract with the U.S. Department of Education's Office of Federal Student Aid. The Department of Education estimates that the 10-year Indefinite Delivery/Indefinite Quantity (ID/IQ) contract has a ceiling value of $300 million, if all options are exercised. The agreement will allow Vangent to continue its valuable 30-year partnership with Federal Student Aid to support students' pursuit of their educational goals.

The contract will provide Federal Student Aid with a comprehensive mechanism to acquire innovative, cost-effective and efficient information technology solutions needed to achieve its mission. Under the terms of the agreement, Vangent will bid on task orders to provide software engineering services to support technology lifecycle management and procurement across multiple Federal Student Aid and Department of Education initiatives.

The EDSS contract award enhances Vangent's established relationship with Federal Student Aid, including its work on the Front-End Business Integration (FEBI) system, the Student Aid Internet Gateway (SAIG), the Common Services for Borrowers (CSB) and National Student Loan Data System (NSLDS).

"We are excited to continue our partnership with Federal Student Aid in helping the agency acquire innovative and cost-effective solutions to meet its important mission of ensuring that all eligible individuals benefit from federal financial assistance -- grants, loans and work-study programs -- for education beyond high school," said Mac Curtis, president and CEO of Vangent, Inc. "Federal Student Aid's award of the EDSS contract to Vangent validates our past performance and recognizes our capabilities and reputation in the marketplace for delivering high-quality end-to-end design, build, and operate solutions."

Vangent is #5 on Washington Technology's 2008 list of companies in the IT services industry sector and is ranked #57 on Washington Technology's list of Top 100 Federal government prime contactors. Vangent is ranked #15 on Federal Times' list of Top 100 professional services contractors.

About Vangent, Inc.

Vangent, Inc. is a global provider of consulting, systems integration, human capital management, and business process outsourcing services to the U.S. federal and international governments, higher education institutions, and corporations. Vangent's 5,000 employees support clients including the Centers for Medicare & Medicaid Services, the U.S. Departments of Defense, Education, Health and Human Services, and Labor; and the U.S. Office of Personnel Management, as well as Fortune 500 companies. Headquartered in Arlington, Virginia, the company has offices throughout the U.S. and in the U.K., Canada, Mexico, Venezuela, and Argentina. For more information, visit www.vangent.com .

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Contacts: Eileen Rivera Vangent, Inc. (703) 284-5674 Email Contact Stephen Miles O'Keeffe & Company, Inc. (703) 883-9000 ext. 136 Email Contact