KEYW has reached an agreement in principle to acquire Sycamore US, a privately held provider of cyber solutions to the US Intelligence Community (IC).
The boards of directors of both companies have approved the transaction, which is expected to close in November 2010, subject to final approval by Sycamore’s stockholders and the completion and execution of definitive transaction documentation.
Under the terms of the agreement, KEYW will purchase all of the outstanding capital stock of Sycamore for $27m in cash and 87,500 shares of KEYW Common Stock.
Sycamore was founded in 1996 and is headquartered in Frederick, MD.
It offers a range of cyber solutions and support, including aerospace software engineering, cybersecurity, independent verification and validation, systems engineering, and risk management.
KEYW CEO and president Leonard Moodispaw said this acquisition further expands their revenue and contract base with additional key members of the IC, as well as increasing their support with their largest customer.
Content from our partners
"Sycamore will be our 8th acquisition since the founding of KEYW in August 2008, and our first acquisition since becoming a public company on October 1, 2010," Moodispaw said.
