SecureInfo Corporation, a market-proven provider of cybersecurity services and solutions, was acquired by Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider for mostly cash and a small earn-out totaling up to $19.5 million. The acquisition will increase Kratos’ cybersecurity business, and will help Kratos deliver advanced solutions in the areas of continuous monitoring and securing the cloud. Outcome Capital acted as exclusive financial advisor to SecureInfo on the transaction.
“The addition of SecureInfo further boosts our cyber security business which exceeds $100 million in annual revenue across our products and product-related service activities,” stated Phil Carrai, President of Kratos Technology and Training Solutions. “Our synergies could not fit better with SecureInfo as it enhances both the Technology and Training sides of our business. SecureInfo’s sole focus is cyber security, and the company’s deep knowledge of front-line cyber security issues will help us advance the NeuralStar products, as well as our cyber warfare solutions and the security capabilities built into the satellite communications products from our recently acquired Integral Systems group. Additionally, as recognized experts in Continuous Monitoring and Securing the Cloud, SecureInfo will be a key component in helping Kratos deliver advanced solutions for these key growth areas.”
“We are extremely excited to be combining forces with Kratos,” said Christopher Fountain, President & CEO of SecureInfo. “Our deep cyber security domain expertise is highly complementary to the Kratos Technology and Training Solutions business and other businesses within Kratos. In addition, the combined companies enjoy strong customer relationships across the U.S. Army, the U.S. Air Force, the Department of Homeland Security, the Department of Education and many other agencies. Most importantly, Kratos shares our passion for securing cyberspace in support of each customer’s mission and will allow us to more rapidly expand the number of customers we serve.”
“As a pure play cyber security firm, SecureInfo is an excellent fit with Kratos’ related products and services offerings“, said Michael Cromwell of Outcome Capital.
About SecureInfo Corporation
Based in Northern Virginia, just outside the nation’s capital, SecureInfo is a pure-play cyber security company specializing in assisting defense, intelligence, civilian government and commercial customers to identify, understand, document, manage, mitigate and protect against cyber security risks while reducing information security costs and achieving compliance with applicable regulations, standards and guidance. The company offers Strategic Advisory, Operational Cyber Security and Cyber Security Risk Management services and is a recognized leader in the rapidly evolving fields of Cloud Security, Continuous Monitoring and Cyber Security Training. Customers include the Department of Defense, the Department of Homeland Security and large commercial customers, including market leading cloud computing service providers.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos’ areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, unmanned systems, cyber warfare, cyber security, information assurance, critical infrastructure security and weapons systems sustainment. Kratos has primarily an engineering and technical oriented work force of approximately 3,900, many of whom hold an active National Security clearance, including Secret, Top Secret and higher. The vast majority of Kratos’ work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos’ primary end customers are United States Federal Government agencies, including the Department of Defense, classified agencies, intelligence agencies and Homeland Security related agencies.