MERGERS & ACQUISITIONS

KEYW keeps its acquisitions engine revving

KEYW Corp. made two acquisitions this week in the cybersecurity and intelligence markets, marking the sixth and seventh acquisitions the company has made since going public two years ago.

In the latest deals, KEYW is acquiring Poole & Associates for $116 million in cash and $10 million in KEYW stock.

Poole provides systems and software engineering to the U.S. intelligence community. The company recently won a $150 million contract with an intell agency for system engineering and program management support. The customer is unnamed in the announcement.

KEYW said Poole will have about $59.8 million in 2012 revenue, and it is projecting $90 million for 2013.

In the second acquisition, the company is buying Sensage Inc., a developer of security information and event management and event data warehousing software solutions. The company has patented technology for optimizing high-volume event collection, monitoring and analytics, KEYW said.

The company is paying $18 million in cash and up to $16.5 million in KEYW stock; $7.5 million of the stock and $3 million of the cash is contingent upon Sensage hitting certain revenue targets for the second half of 2012, KEYW said.

Sensage’s security information and event management technology will be integrated into KEYW’s Project G, a cyber-awareness and response platform the company is developing.

The Sensage deal is expected to close in October, while the Poole acquisition should close within 60 days.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Fri, Feb 15, 2013 Keli I think it’s pretty inseertting… Even though you do have a point with getting records that are actually meaningful, I think this is still something that can be looked as “pretty cool” and “unique” in the future. Thanks for posting!

I think it’s pretty inseertting… Even though you do have a point with getting records that are actually meaningful, I think this is still something that can be looked as “pretty cool” and “unique” in the future. Thanks for posting!

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