The defense and cybersecurity space is still experiencing some turmoil, which means industry executives need to continuously adapt to the current climate. As BAE System’s Jerry DeMuro stated in the July monthly meeting, firms can either reduce headcount, consolidate facilities, or reduce structure size to more appropriately handle current business.
The McLean Group, a leading independent investment bank, recently advised the acquisition of NetCentrics Corporation by Haystax Technology, an Edgewater Fund’s company. Is this the kind of consolidation Mr. DeMuro was talking about?
NetCentrics is a cybersecurity and network management solutions provider to defense and federal customers, which would certainly make it an attractive option for Haystax, an analytics and cloud computing solutions developer. The merger will now lead to the creation of “a next-generation, mid-market company delivering cybersecurity, advanced analytics, real-time threat assessment, IT enterprise management, cloud computing and secure mobility solutions.”
Haystax CEO William V. Van Vleet III certainly seems to think that both companies are well aligned and positioned for success in this increasingly difficult market: “We have very strong cultural alignment and focus on bringing leading edge technology to our customer’s most difficult missions by providing differentiated solutions with innovation and agility.”
But what made NetCentrics the right company to acquire? According to Mr. Van Vleet III, the team “has proven expertise, strong leadership and complementary skills and capabilities. Their size, scale and infrastructure, along with a strong contract base, provide a formidable foundation for acceleration of growth in a number of critical areas.”
NetCentrics’ CEO Bob Dougherty also seems pleased with the merger, and believes that his company can now “extend our culture and build an environment where creative thinking, imaginative engineering and thoughtful leadership will take our combined organization to new levels.”
Fellow ACG members Joe Golden, Mitchell Martin and Greg Woodford are part of The McLean Group, an annual sponsor of ACG National Capital. To learn more about The McLean Group’s team and services, click HERE