Lori "the Wire" Mody and her first husband Roger
Veridian. The Arlington, Va.-based company announced Aug. 13 2002 (advised by Credit Suisse First Boston and lawyers Andrews & Kurth ) signed an agreement to acquire privately owned Signal Corp. for $227 million (advised by Banc of America Securities and the law firm Shaw Pittman LLP ) in a combination of cash and notes.
See detailed documents recording sale here his first wife Lori Mody owned 45% of Signal. Pic is of Roger Mody, Lori's first husband. Loris is of course the lady who wore the wire to trap Petersen.
“We went to Veridian, we approached them,” said Roger Mody, the founder, president, chief executive officer and majority shareholder of Fairfax, Va.-based Signal. “We chose not to go through the auction process.”
Mody regarded defense and intelligence specialist Veridian as the right company to capitalize on Signal’s expertise and reputation in the government services sector. Signal would bring its own capabilities and customer base to Veridian while benefiting from the larger company’s skills and assets, he said.
One of Signal’s big high-profile programs is a $100 million contract it won in May2002 to provide a range of information technology services to Senate offices in Washington and to 450 Senate offices nationwide. Other Signal customers include the Army, Navy, Environment.
Signal’s annual sales last year reached $252 million, the company said. In May, Signal officials estimated that fiscal 2002 revenue would top $300 million.
Roger Mody has signed a three-year non-compete agreement. He said he intends to establish the Mody Foundation, which will help underprivileged minority children with their education.
Veridian. The Arlington, Va.-based company announced Aug. 13 2002 (advised by Credit Suisse First Boston) it has signed an agreement to acquire privately owned Signal for $227 million (advised by Banc of America Securities and the law firm Shaw Pittman LLP ) in a combination of cash and notes.
“We went to Veridian, we approached them,” said Roger Mody, the founder, president, chief executive officer and majority shareholder of Fairfax, Va.-based Signal. “We chose not to go through the auction process.”
Mody regarded defense and intelligence specialist Veridian as the right company to capitalize on Signal’s expertise and reputation in the government services sector. Signal would bring its own capabilities and customer base to Veridian while benefiting from the larger company’s skills and assets, he said.
One of Signal’s big high-profile programs is a $100 million contract it won in May2002 to provide a range of information technology services to Senate offices in Washington and to 450 Senate offices nationwide. Other Signal customers include the Army, Navy, Environment.
Signal’s annual sales last year reached $252 million, the company said. In May, Signal officials estimated that fiscal 2002 revenue would top $300 million.
Roger Mody signed a three-year non-compete agreement established the Mody Foundation, which will help underprivileged minority children with their education.
Mega defence company General Dynamics (NYSE: GD) on 6th September 2003 announcing acquring Veridian in a transaction estimated at $1.5 billion. General Dynamics will offered $35 in cash for each outstanding Veridian share and assumed $270 million of debt.
On October 22nd 2004 – The Potomac Officers Club, the region's leading business organization for senior executives, announced that Roger Mody has joined the organization's board of directors.The Potomac Officers Club is a non-profit membership organization that fosters peer-to-peer collaboration among prominent C-level business executives in the District of Columbia, Maryland and Northern Virginia.
Roger Mody is actively engaged in philanthropy across the Washington, D.C. metropolitan area. Mody is founder and chairman of the Mody Foundation, an organization which provides higher education funding for underprivileged children. He also works with Make-A-Wish Foundation, National Multiple Sclerosis Society, Fight for Children, Washington Redskins Leadership Council and serves on the Board of Visitors of George Mason University.
Read a fascinating interview with the son of Indian immigrants here and more biographical information here.Mody divorced his first wife Lori in 2002 , after the sale to Veridian and is now married to Kyle.
Lori Mody is a seriously rich (and savvy) lady ....
6 comments:
Thats all great stuff but this article fails to mention the fact that Roger Mody lost to Cheeseman in B league intramural basket ball in 11th grade.
Signed B league champ,
The cheese
I heard that Cheeseman was down 10-3 but Mody started slacking off (taking too many outside shots) allowing Cheeseman back in the game. Mody could have and should have closed out Cheeseman who was clearly less talented than Mody.
This is all great except Roger had almost nothing to do with SIGNAL's success. Try Winslow Remley and Mark Remley.
I would have to disagree with the previous comment about cheeseman being less talented, he was odvious more talented and athletic then Mody but he had a distinct height disadvantage that he overcame with deadly accuracy from the 3 point line.
p.s. Cheeseman is ready for a rematch anytime. Cheeseman thinks Mody is afraid.
That's all very funny! Joy to the world!
roger mody failed to graduated highschool, this article is lacking major details of the othervery educated people responsible for this companys past success.
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