4
As of 09/30/2016
4
Q3
2016
Buyer
Target
Industry Trends (Defense & Gov. Services)
Notable Acquisitions and Consolidations
In the third quarter, we observed an uptick in acquisition activity for
cybersecurity companies. Large strategics, mid-tier primes, and private
equity backed portfolio companies were all acquisitive as they sought to
capitalize on the continuing budgetary initiative toward cybersecurity.
Earlier this year the President’s GFY 2017 budget proposal called for $19
billion on information security programs, up $5 billion from GFY 2016’s
cyber-funding request. The request also created an opening for the US
Chief Information Security Officer (CISO), which was recently filled in
September by Tony Scott, formerly of VMware.
Belcan, a portfolio company of AE Industrial Partners (AEIP), made its third
acquisition in 12 months when it purchased Intercom Consulting and
Federal Systems, a provider of cybersecurity and mission-critical IT
solutions to the US State Department. Belcan will plan to pull through
Intercom’s expertise to its Enterprise and global Federal Business
customers. In August ASRC announced its acquisition of Vistronix, a leading
provider of IT services to the Intelligence Community. Vistronix counts
cybersecurity as one of its core capabilities along with advanced analytics
and large-scale data processing. Accenture announced its acquisition of
Redcore, an Australian cybersecurity company, in August. Redcore
develops authentication, authorization and administration services across a
range of cloud, web, mobile and adaptive access-management
technologies.
Portfolio Company of
AE Industrial Partners
Portfolio Company of
Enlightenment Capital
Source: Public Filings, Industry Newswires