KEYW Acquires Rsignia, Inc., an Innovator in Cyber Awareness Technology
HANOVER, Md., Nov. 27, 2012 (GLOBE NEWSWIRE) -- KEYW Corporation (Nasdaq:KEYW) is pleased to announce that it has acquired Rsignia, Inc., a privately held provider of advanced cyber security solutions to industry and government customers, in an asset purchase. This strategic acquisition is closely related to Project G, KEYW's Cyber Awareness and Response platform, providing KEYW with a highly affordable and scalable solution for applications including monitoring and mitigating malicious internet packet activity, network monitoring and analysis, and forensics analysis. This transaction was completed on November 26, 2012.
"Rsignia brings innovative technology and products that are highly relevant to bringing Project G to general availability early next year," commented Leonard Moodispaw, CEO and President of KEYW Corporation. "Cyber Awareness includes the ability to monitor, manage and mitigate internet traffic as it transits enterprises. Project G, integrated with Rsignia's technology, is designed to help find, fix, and finish the cyber ghosts who are invading and compromising enterprise networks at alarming and ever increasing rates of success."
Rsignia is headquartered in Columbia, Maryland and supports a range of government and commercial customers. In addition to standalone applications, Rsignia's technology is an integral part of the Project G platform, currently in evaluation in initial commercial trials. The financial terms of the purchase are not being disclosed.
KEYW provides agile cyber superiority, cybersecurity, and geospatial intelligence solutions for intelligence, defense and commercial customers. We create our solutions by combining our services and expertise with hardware, software, and proprietary technology to meet our customers' requirements. For more information contact KEYW Corporation, 7740 Milestone Parkway, Hanover, Maryland 21076; Phone 443-733-1600; Fax 443-733-1601; E-mail email@example.com; or on the Web at www.keywcorp.com.
About Rsignia, Inc.
Rsignia is a leading provider of cyber security solutions and services including detection, mitigation, countermeasures, and forensics. In support of National Cyber Security Initiatives, Rsignia is developing some of the most innovative next generation cyber capabilities available to the marketplace today. Embracing the new cyber awareness paradigm, their long-standing relationships with United States government agencies, and growing commercial base has positioned them at the forefront of the rapidly growing cyber market.
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements about plans and prospects regarding Rsignia and the Rsignia acquisition, our future expectations, plans and prospects, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," "potential," "opportunities", and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements. These statements involve numerous risks and uncertainties, including but not limited to risk factors set forth in our Annual Report on Form 10-K, dated and filed March 15, 2012 with the Securities and Exchange Commission (SEC) as required under the Securities Act of 1934, and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. KEYW is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: Chris Donaghey 443-733-1600