NewswireToday - /newswire/ -
New York, NY, United States, 2014/12/12 - Further to the announcement of 21 October 2014, BAE Systems has completed the acquisition of Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider - BAESystems.com / SilverSky.com.
The consideration of $232.5 million (approximately £144.4 million) has been funded from BAE Systems' existing cash resources.
SilverSky is a commercial cyber services and compliance provider, headquartered in New York, with operations in the US and the Philippines. The company currently employs approximately 400 staff and has over 5,000 customers.
Ian King, Chief Executive, BAE Systems said: “SilverSky’s cloud-based email and network security solutions complement our existing portfolio and increase our presence in the United States, a very significant market for IT security. The enlarged business will offer customers an attractive suite of products and services to protect critical information and networks from the rapidly growing threat of digital crime.”
SilverSky’s highly skilled sales, marketing and engineering workforce and experienced management team will join Applied Intelligence’s Commercial Solutions division, which will be led by SilverSky’s Chief Executive Officer, Tim Harvey.
About BAE Systems and BAE Systems Applied Intelligence
At BAE Systems (baesystems.com), we serve the needs of our customers by delivering a wide range of advanced defence, aerospace and security solutions that provide a performance edge. We work together with local partners to develop, engineer, manufacture and support the innovations that increase defence sovereignty, sustain economies and safeguard commercial interests. With over 80,000 employees in six continents, we are committed to creating solutions that protect and strengthen nations, commerce, communities and people.
BAE Systems Applied Intelligence is a business division of BAE Systems that delivers solutions that help clients to protect and enhance their critical assets in the intelligence age. Our intelligent protection solutions combine large-scale data exploitation, ‘intelligence-grade’ security and complex services and solutions integration. We operate in four key domains of expertise: cyber security, financial crime, communications intelligence and digital transformation.
Leading enterprises and government departments use our solutions to protect and enhance their physical infrastructure, mission-critical systems, valuable intellectual property, corporate information, reputation and customer relationships, competitive advantage and financial success.
SilverSky (silversky.com) is the leading independent cloud-based managed security services provider. Our Security-as-a-Service platform delivers cloud-based software and managed services, such as Email Protection Services with advanced Data Loss Prevention, Targeted Attack Protection, Network Security Services, and Managed Application Services, that protect critical information simply and cost effectively. By tirelessly safeguarding our customers' most important information, we enable growth-minded leaders to pursue their business ambitions without security worry. Our growing customer base includes 5,500 customers in the financial services, retail, healthcare, energy, critical infrastructure and manufacturing sectors.