Cloud Computing: BAE Systems Acquires SilverSky for $232.5M
October 23, 2014
Grazed from MSPMentor. Author: CJ Arlotta.
BAE Systems (BASEY) has acquired cloud-based security solutions SilverSky in a cash-free, debt-free deal worth $232.5 million. SilverSky hopes to leverage its acquirer’s global resources to bring its solutions to market faster. BAE announced the deal on Tuesday. The company is a provider of defense, aerospace and security solutions and plans to incorporate SilverSky into its Applied Intelligence division.
SilverSky’s customers include more than 5,500 organizations in a variety of industries, including financial, healthcare and retail. It also serves a group of mid- to large-sized commercial enterprises. "BAE Systems is a large, multi-national company with a tremendous brand and financial resources," said Tim Harvey, CEO at SilverSky. "We expect to leverage their presence in the market to grow our business as quickly as possible."…
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