Home / M&A Activity / Jacobs Buys Blue Canopy to Further Digital Tech Strategy; Darren Kraabel Comments

Jacobs Buys Blue Canopy to Further Digital Tech Strategy; Darren Kraabel Comments

Darren Kraabel

Jacobs Engineering Group (NYSE: JEC) has purchased Reston, Virginia-based information technology services provider Blue Canopy for an undisclosed sum in a strategy to expand the former’s digital platforms offered under a connected enterprise framework.

Jacobs said Thursday it aims to broaden the Jacobs Connected Enterprise framework’s digital systems designed to help customers link critical infrastructure assets as well as analyze and safeguard data from external and internal threats.

Blue Canopy, which recorded $104 million in 2016 revenue, operates with 450 employees and provides data analytics, cybersecurity and application development platforms and services to government clients.

Darren Kraabel, senior vice president for aerospace and technology at Jacobs, said the transaction would help Jacobs expand capabilities across cybersecurity, analytics and data visualization areas and broaden its customer base and market footprint in the intelligence community as well as in the federal civilian healthcare and financial sectors.

The acquisition came weeks after Jacobs agreed to buy CH2M through an estimated $3.27 billion deal.

This story was originally published on September 1, 2017.

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.