Fred Funk

Chief Growth Officer

Everwatch Solutions

Fred is Chief Growth Officer and a member of the Board of Directors of Everwatch Solutions, a solutions provider to the DoD and Intelligence Community (owned by Enlightment Capital). Mr. Funk is also the CEO of Funk Advisory Group, a professional services firm providing strategic advisory services to both public and private companies. Fred is on the Board of Directors of CyberCore Technologies (owned by Nexphase Capital) and Maryland Therapeutic Riding.

Fred was formerly the President, Cyber and SigInt Systems Sector, for ASRC Federal (formerly Vistronix), where he was responsible for their Intelligence business. After joining Vistronix in January 2016, Fred rebuilt the business development, recruiting, and operations for his sector; supported the sale of Vistronix to ASRC in August 2016; and led Intelligence business to over 50% organic growth in 2018 (from negative organic growth in 2015). Under Fred’s direction, ASRC Federal won a classified competitive $300M full and open signals intelligence prime contract against a 15 year incumbent at the National Security Agency.

From September 2014 to December 2015, Fred was the Senior Vice President of the National Security Group for Preferred Systems Solutions (PSS), a fast growing provider of professional services to the Intelligence Community and various DoD agencies, owned by CM Equity. Fred was responsible for PSS’ National Security Group (Intelligence Community), which grew over 300% in 16 months under his leadership through a combination of M&A and organic growth.

Fred was a co-founder and an initial investor of KEYW Corporation, a public company (NASDAQ: KEYW) focused on the Intelligence Community. KEYW went from inception in August 2008 to a successful IPO in October 2010. During Fred’s tenure from company inception through March 2013, KEYW made 18 acquisitions. Fred held a variety of transactional, financial and operational roles at KEYW. He was responsible for all of KEYW’s Merger and Acquisition (M&A) activity from March 2012 through March 2013. During that 12 month period, KEYW successfully completed a secondary offering and completed 5 acquisitions, including the $126M Poole acquisition. From August 2010 through March 2012, Fred ran KEYW’s National Security Systems Group (NSA), which had over $100M in revenue and mor than 400 employees. From December 2009 through July 2010, Fred led KEYW’s Recon Systems Division (NRO). From the inception of the company through December 2009, Fred was responsible for all M&A related activities of KEYW. During that 17 month period, KEYW successfully completed 5 acquisitions. Fred also served as CFO of KEYW from inception of the company until May 2009, and led the initial financing round for KEYW in August 2008, as well as KEYW’s “B” round of financing in May 2009, raising a total of approximately $60M in equity financing.

Previously, Fred was the Vice President of Corporate Development with Essex Corporation. Fred joined Essex in January 2004, and was responsible for all Merger & Acquisition activities for Essex prior to their acquisition by Northrop Grumman in January 2007. Fred completed 4 acquisitions for Essex, driving the growth of Essex Corporation from $16M in revenue in 2003 to over $265M in revenue in 2006, resulting in the sale of Essex to Northrop Grumman for approximately $590M in January 2007.

Fred has over 30 years of experience in a variety of industries. Prior to Essex, Mr. Funk held executive positions at two publicly traded technology companies, Aether Systems and Caliber Learning Network. Fred also worked as a business consultant for Arthur Andersen. He has a Bachelor of Science degree in Industrial Engineering and Operations Research from Virginia Tech, and a Master of Business Administration degree from the University of Maryland.