Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

AST Buys Into Cyber Intelligence With Seismic Acquisition

Applied Signal Technology : 30 April, 2010  (Company News)
Applied Signal Technology has acquired Seismic, strengthening the company's position in the provision of cyber security solutions to the defence and intelligence markets
Applied Signal Technology (AST) has completed the acquisition of Seismic, a privately-held company that specializes in cyber security solutions, software engineering, data management, and systems engineering and integration services for the US Department of Defence and Intelligence Community. Seismic is headquartered in Hanover, Maryland and employs approximately 100 people.

William Van Vleet, Chief Executive Officer of AST, said, "We believe that the current urgent need for cyber intelligence services will continue to expand into the future. The acquisition of Seismic, a fast growing, profitable, and extremely talented organization, cements our position in that exciting market. We now have the scale, thought leadership, and access to resources to be a significant competitor across a wide range of programs."

Applied Signal Technology has agreed to acquire Seismic for $25 million in cash, funded from current investments, with an additional earn-out and performance bonus potential of approximately $5 million. For the fiscal year ended December 31, 2009, Seismic recognized revenues of approximately $15 million. Seismic revenues grew rapidly at a rate of 20-30% to date in 2010 and are expected to provide steady revenue contributions on a quarterly basis.

Patrick Gahan, Founder and Chief Executive Officer of Seismic, said, "Together, as part of one company, we become a powerful platform in the cyber intelligence market. We are now positioned to compete for opportunities that were, until now, beyond the capabilities of either company alone. We are very excited to join AST and merge into its Network Intelligence Division to raise the level of our service and capabilities for our customers."

The Seismic acquisition complements and reinforces AST's existing software and network services business, its deep understanding of the global telecommunications network, and its exceptional customer relationships in the defense and intelligence communities. Seismic reinforces the Company's efforts in Cyber Threat Intelligence, Computer Network Defense and Predictive Security, Information Advantage and Computer Network Operations, and Application Security. AST expects to continue to expand its software and network services business and to continue to provide an effective, integrated delivery structure in the Company's Network Intelligence Division.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo