prnewswire | October 26, 2020
AE Industrial Partners, LP , a private value firm specializing in Aerospace, Defense and Government Services, Power Generation, and Specialty Industrial markets, declared today that it has obtained PCI , a main supplier of cybersecurity, PC network operations , cloud, systems designing, enterprise IT, and information analytics to the knowledge and defense communities. Terms of the transaction were not disclosed.
The acquisition of PCI represents AEI's ninth stage investment in AE Industrial Partners Fund II, LP, which closed in 2018 with $1.36 billion in value commitments, and the thirteenth transaction closed by AEI in 2020. PCI is an exceptional stage investment for AEI as the firm continues its energy and ongoing success in the Defense and Government Services market, and will furnish PCI with extra venture into the defense, knowledge, and public security communities.
PCI is an innovation focused organization that provides cybersecurity and CNO, cloud designing and IT infrastructure, information analytics, and system designing solutions and services. PCI is a trusted advisor to the U.S. Insight Community, Department of Defense, and Federal Government, creating driving edge mission solutions using rising technologies and demonstrated practices to solve the most intricate cybersecurity, cloud, and enterprise IT challenges of its customers. Established in 2008 via Sean Battle, Don Whitfield, Josh Kinley, and Vance Mitzner, PCI is based in Columbia, Maryland, with extra operations all through the United States and all around the world. The Company has been named a best work environment by the Baltimore Sun, selected for the 2020 Inc. 5000 list of fastest-developing privately owned businesses in America, and has also been perceived for its responsibility to network inclusion and commitment.
"PCI is a trusted provider of critical technology services in support of some of the most enduring national security missions across the federal government," said Jeffrey Hart, a Principal at AEI. "Cyber threats faced by the defense and intelligence communities are at an all-time high, and the government can't afford to lag our adversaries in critical technology domains such as cyber and computer network operations, where PCI excels. We believe that PCI, with its full spectrum of solutions and premier relationships, is well-positioned and aligned with the national security community's most strategic priorities. We look forward to working closely with the world-class team at PCI."
"With the backing of AEI, we will have the resources to invest in the technology and talent required to meet the growing needs of our customers," said Sean Battle, CEO of PCI. "AEI knows our sector well, and we are confident that PCI will reach its next level of growth with their guidance, relationships, and partnership."
"We are very excited to partner with Sean and the rest of the PCI team," said Kirk Konert, Partner at AEI. "They have built a great platform in their core intelligence and defense end markets and have a depth of experience supporting customers on missions critical to national security. We look forward to working with PCI and accelerating the growth of the business."
Kirkland and Ellis LLP served as lawful advisor, and Ernst and Young LLP served as budgetary advisor to AEI. Miles and Stockbridge P.C. served as legitimate advisor, and Aronson Capital Partners served as money related advisor to PCI.
Founded in 2008, PCI is a technology-focused company that provides cybersecurity and CNO, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and services to the federal government and intelligence community. Based in Columbia, Maryland, and with a corporate office and training facility in Lexington, Massachusetts, PCI operates in 14 states and internationally. For more information
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets.
prnewswire | October 15, 2020
Today the Global Cyber Alliance (GCA) released the GCA Cybersecurity Toolkit for Journalists at the 2020 Online News Association conference. The toolkit is a free, operational resource aimed at helping journalists, watchdogs, and small newsrooms shore-up their cybersecurity practices. Journalists around the world have long been targets of cyber attacks, whether reporting on crime, politics, or simply being a target for the spread of disinformation. Recent examples include an Angolan journalist reporting on the embezzlement of public funds and two Turkish journalists whose accounts and devices were compromised after reporting on the death of Turkish soldiers in Libya. In order to provide some practical resources to manage these risks, GCA assembled a set of tools that journalists can use to shore up their cyber defenses, protect their devices and data, and help safeguard their online presence.
prnewswire | October 06, 2020
BitSight, the Standard in Security Ratings, and Solactive, a German index engineering firm, today released new research demonstrating that a company's cybersecurity performance is an indicator of business performance. Analysis shows that indices composed of well-performing BitSight-rated companies outperform their respective benchmarks by 1% to 2% annually. For certain sectors, such as U.S. Technology, well-rated companies outperform the benchmark by 7% per year. The findings are an endorsement for today's introduction of the Solactive BitSight Cyber Risk Index, a financial index that will enable investors to invest in companies who are top cybersecurity performers as measured by BitSight.