SilverSky is a leading independent cloud-based managed information security services provider operating in the cyber security market providing services including email protection, network security and managed applications. BAE Systems will make SilverSky part of the company's Applied Intelligence division.
SilverSky's customers are in the financial services, retail, health care, energy, critical infrastructure, and manufacturing industries. Cyber security and cyber warfare are among the top technological priorities of the U.S. Department of Defense (DOD).
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"The acquisition of SilverSky enhances our strategy to grow our applied intelligence commercial cyber security business," explains Ian King, chief executive of BAE Systems.
"SilverSky’s cloud-based email and network security solutions, its highly skilled resource in marketing and engineering, plus an experienced management team are an ideal fit for applied intelligence," King says.
Together, the enlarged business will offer corporate clients a suite of products and services to protect critical information and networks and detect cyber threats and financial crime," King says. "The enlarged business has outstanding growth opportunities."
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SilverSky is focussed on the U.S. market with a growing business in Asia and Europe. The business currently employs around 400. SilverSky is expected to generate sales of about $75 million this year. Pending regulatory approvals, the deal should close by the end of this year. For more information contact SilverSky online at www.silversky.com, or BAE Systems at www.baesystems.com.
