KEYW Corp. [KEYW] yesterday said it has completed its acquisition of Sensage Inc., a developer and provider of cyber security threat awareness software solutions that is a key ingredient in the company’s own cyber threat and response platform.
Sensage also gives KEYW additional commercial customers.
KEYW paid $15 million in cash and $9 million in its stock for California-based Sensage. Terms of the deal include an additional $3 million in cash and $7.5 million in KEYW stock in earn-out provisions based on second half 2012 results.
Sensage’s technology is used for security information and event management and event data warehousing.
Sensage’s technology and its employees will be a key part of KEYW’s Project G cyber awareness and response platform. Joe Gottlieb, Sensage’s CEO, will become a sector vice president of KEYW and will lead a newly formed operating unit focused on cyber security products and services for commercial and government customers. Project G will be within this sector.
Sensage’s customers include the Defense Information Systems Agency, the National Security Agency, Air Force, Navy, the Center for Medicaid Services, the Internal Revenue Service, AT&T [T], Barclays [BCS], Proctor & Gamble [PG] and more.
“Sensage brings advanced cyber intelligence technology and an executive team with extensive commercial product experience that is highly relevant to bringing Project G to general availability early next year,” Leonard Moodispaw, KEYW’s president and CEO, said in a statement when the deal was announced. “Cyber awareness begins with the ability to absorb and relate large quantities of cyber operations and security data within an enterprise. Today these data overwhelm most organizations’’ capabilities to observe and respond to hostile activity within their network environments until it is too late. By joining forces, KEYW and Sensage will offer a new level of cyber awareness to both commercial and government markets.”