MERGERS & ACQUISITIONS
KEYW keeps its acquisitions engine revving
- By Nick Wakeman
- Sep 14, 2012
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.
Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.