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Business/Financial

Parsons To Acquire IPKeys Power Partners To Boost Infrastructure, Cybersecurity Capabilities

By Cal Biesecker

Tuesday, March 14th, 2023

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Parsons To Acquire IPKeys Power Partners To Boost Infrastructure, Cybersecurity Capabilities

Parsons Chairwoman, President and CEO Carey Smith. Photo: Parsons

Parsons [PSN] on Tuesday said it has agreed to acquire IPKeys Power Partners, a small company that provides smart data management and cybersecurity solutions to its customers in the electric, gas and water utilities markets. Parsons said the transaction is valued at $43 million. IPKeys has about 70 employees and is based in New Jersey. The acquisition brings Parsons new customers, gives it solutions at “the intersection of information and operational technology,” expands its work in grid modernization and cyber…

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