Kratos Purchases Defense, Intelligence Cybersecurity Provider
Phil Carrai, Kratos Defense
Kratos Defense & Security Solutions (NASDAQ: KTOS) has purchased SecureInfo Corp., a cybersecurity provider for defense and intelligence customers, for $17.5 million cash, the company announced today.
SecureInfo is noted for developing “SecureInfo RMS,” a proprietary commercial off the shelf software product that simplifies security authorization.
Kratos said it expects SecureInfo to generate approximately $2.5 million in calendar year 2011 earnings before interest, tax, depreciation and amortization.
Kratos said it will pay an additional $2 million as part of the deal if certain future financial objectives are achieved after SecureInfo is integrated.
“The addition of SecureInfo further boosts our cybersecurity business which exceeds $100 million in annual revenue across our products and product-related service activities,” stated Phil Carrai, president of Kratos’ technology and training solutions. “Our synergies could not fit better with SecureInfo as it enhances both the technology and training sides of our business.”
GovConWire reserves the right to remove any and all comments that do not comply with the comment guidelines contained below. These include comments that are spam and/or use profanity, make personal attacks, or contain other inappropriate comments or material, including libelous or offensive statements.