KEYW Corp. is a Maryland cyber security company that's been on a roll lately, going public in October and buying a slew of companies (eight) in its two-year existence.
As of today, make that nine companies.
The Hanover-based company, which provides cyber security services and technology to defense and intelligence agencies, said today that it acquired Everest Technology Solutions Inc., of Fairfax, Va. The price: $28 million cash, plus $2 million in KEYW common stock.
KEYW has raised more than $50 million in private equity, plus another $89 million through a public offering in October. KEY has used the money to buy smaller outfits that fit with its approach for developing agile, quick solutions for government intelligence agencies on tight deadlines. Unlike larger defense contractors who may offer broader services and technologies -- and move more slowly -- KEYW is more focused on fast-moving, mission-critical intelligence operations.
I profiled KEYW last month in a piece that outlined the company's brief, but quick-paced trajectory of organic growth and acquisitions.
It just so happens that KEYW executives today are hosting an analysts meeting at the NASDAQ exchange in New York City. Leonard Moodispaw, KEYW's CEO, also rang the opening bell this morning at the NASDAQ.
All in all, a day of good news for KEYW, I'd say. Let's see how the stock does. So far, it's up nearly three percent in morning trading.