Cybersecurity business Keyw Holding Corp. (Nasdaq: KEYW) has acquired Ponte Technologies LLC and Milestone Intelligence Group Inc. in an effort to expand security offerings for government and business clients.
The news comes as recent hacking incidents, including a widely-publicized breach at Sony Pictures, causes companies and the government to adapt a heightened focus on cybersecurity. For more, see Hacked Sony Movies Highlight Opportunities for Buyers of Cybersecurity Firms. Terms of the deals were not disclosed.
Ponte, headquartered in Ellicott City, Maryland, provides cybersecurity engineering, cryptography, security automation, vulnerability assessment, penetration testing and malware analysis services to government and commercial customers, mostly in the financial services sector. Hanover, Maryland-based Milestone provides similar services to the intelligence community.
Keyw, also headquartered in Hanover, says acquisitions are a significant part of the company's growth strategy, in its latest annual filing with the U.S. Securities and Exchange Commission, on March 9.
Companies have been adding cybersecurity businesses lately to add to services as demand grows. In March, Bain Capital agreed to buy security software business Blue Coat Systems Inc. from Thoma Bravo, and before that, in December, Belden Inc. (NYSE: BDC) acquired Thoma Bravo-backed Tripwire, also a cybersecurity business, for $710 million.