CyberCore Technologies switches private equity ownership
Moelis Capital Partners buys firm from Roark Capital Group
- By David Hubler
- Jul 21, 2011
Private equity firm Moelis Capital Partners has acquired CyberCore Technologies, a provider of IT services to the federal government and the intelligence community. The financial terms of the deal were not reported.
The Elkridge, Md., company had been a portfolio company of Roark Capital Group, an Atlanta-based private equity firm.
CyberCore has expertise in cybersecurity, systems integration and secure supply chain management, according to an announcement from Moelis Capital.
Its supply chain management services include the secure procurement, installation, integration and management of complex IT systems to streamline customers’ acquisition and refresh cycles.
The company also provides a full suite of IT managed services, including network engineering and architecture, systems engineering and lifecycle management.
Kevin and John Powderly, co-founders and co-CEOs, will retain a significant equity ownership interest and continue their leadership of CyberCore, the announcement said.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.