D.C. IT and telecom firm files for bankruptcy in aftermath of government shutdown

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Concise Network Solutions Inc. filed for Chapter 11 bankruptcy protection on Jan. 31 after struggling to keep the company afloat while carrying millions of dollars in debt for three years. David Johnson, CEO of the District-based IT and telecommunications service provider employed by private and public sector clients, said the company incurred the debt after being awarded a contract with a large commercial client that Concise claims changed the scope and drove up the cost of a project the company...

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