Bolstering its platform in the cyber security space, KEYW Corp. [KEYW] has agreed to acquire Sycamore US, a small firm offering cyber security solutions to the intelligence community, for $27 million in cash plus 87,500 shares of common stock. KEYW, a Maryland-based firm specializing in cyber security for government customers in the intelligence and defense arenas, was formed in 2008. Its stock is trading between $12 and $13 per share. Sycamore, which is also based in Maryland, offers a range of support including cyber security, aerospace software engineering, and risk management. The company has $16.5 million in sales through the first nine-months of 2010 and expects to generate between $25 million and $28 million in sales next year. “Sycamore is an excellent strategic and cultural fit for the cyber superiority solutions platform that we are building,” says Leonard Moodispaw, president and CEO of KEYW. “This acquisition further expands our revenue and contract base with additional key members of the intelligence community, as well as increasing our support with our largest customer.” Sycamore has 156 employees, 133 of whom have security clearances, mostly top secret.
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