KEYW's deal-making continues with intell acquisition
By
Nick Wakeman
With the acquisition of Forbes Analytics Software, KEYW closes is second acquisition of 2011 and its 11th since its founding in 2008.
KEYW Corp. has acquired Forbes Analytics Software, an maker of cyber superiority solutions for the intelligence community.
The acquisition is valued at $16.7 million, including $14.7 million in cash and the rest in KEYW stock. Forbes had $12 million in 2010 revenue and was projected to have between $14 million and $15 million in revenue in 2011. The company has 47 employees, with 40 holding security clearances at the highest level.
Forbes supports high-end software development, systems and software engineering and integration, the company said.
The deal for Forbes is the second acquisition of 2011 for KEYW and the 11th the company has closed since its founding in 2008. KEYW was named one of the top deal-makers of 2010 in Washington Technology’s mergers and acquisitions special report. In April, KEYW acquired JKA Technologies.
“The FASI acquisition is highly complementary to the customer and prime contract expansion that KEYW gained from the Sycamore and Everest acquisitions,” said Leonard Moodispaw, CEO and president of KEYW.
The acquisitions continue to build on the company’s capabilities in the intelligence community, he said.
KEYW now has more than 830 employees, more than 80 percent of whom hold clearances at the highest level.