KEYW locks up purchase of cybersecurity provider
Acquisition is 10th since company was founded in 2008
- By David Hubler
- Apr 01, 2011
KEYW Corp. has acquired JKA Technologies Inc., a privately held provider of cybersecurity solutions to the intelligence community.
Under the terms of the agreement, which was finalized March 31, KEYW purchased all outstanding capital stock of JKA for $10.5 million in cash and $2.5 million in shares of KEYW common stock.
JKA offers "a broad range of mission-critical cyber superiority solutions and support, including network engineering, information assurance, and systems and software engineering," according to the KEYW announcement.
The company, based in Columbia, Md., generated approximately $12.9 million in revenue in 2010 and is projecting 2011 revenue to be in the $13 million to $14 million range, the announcement states.
JKA Technologies has about 65 employees, 60 of whom have the highest-level security clearances.
"KEYW is continuing to execute a multifaceted high-growth strategy, which combines high organic growth and the acquisition of select, trusted providers of capabilities and solutions to our IC customers," Leonard Moodispaw, KEYW CEO and president, said in the announcement.
The acquisition is KEYW's 10th since it began operations in August 2008, and its first this year.
KEYW, based in Hanover, Md., was ranked among the top deal-makers of 2010 in Washington Technology’s annual M&A issue published in January.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.