SixGen has successfully acquired Kyrus Tech, marking its third acquisition in just six months. This strategic move aims to enhance SixGen’s software development services, particularly for the intelligence and defense sectors, as the company continues to build a robust ecosystem of solutions for modern digital challenges.
Key Takeaways
- SixGen has completed three acquisitions in six months, including Secure Enterprise Engineering and Boldend.
- The acquisition of Kyrus Tech adds approximately 80 engineers and subject matter experts to SixGen’s team.
- SixGen aims to strengthen its capabilities in cyber operations, electronic warfare, and secure communications.
Overview of SixGen’s Acquisition Strategy
SixGen, a company backed by Washington Harbour Partners, has been on an acquisition spree to bolster its offerings in the cybersecurity and defense sectors. The acquisition of Kyrus Tech is a significant step in this direction, as it brings specialized software development capabilities that align with SixGen’s vision of addressing the evolving digital threat landscape.
Details of the Acquisition
- Acquisition Date: December 2, 2024
- Previous Acquisitions:
- Secure Enterprise Engineering (July 2024)
- Boldend (August 2024)
- New Team Members: Approximately 80 engineers and subject matter experts from Kyrus Tech
Strategic Goals
The integration of Kyrus Tech into SixGen is aimed at enhancing the company’s ability to provide comprehensive solutions across various domains, including:
- Full-spectrum cyber operations
- Electronic warfare
- Secure radio frequency communications
- Multi-domain digital operations
Jack Wilmer, CEO of SixGen, emphasized the importance of this acquisition, stating, "Kyrus brings highly specialized capabilities that align with SixGen’s vision of building a formidable ecosystem of solutions for the modern digital warrior."
Leadership Changes
As part of the acquisition, Dan Hall, the CEO of Kyrus, will join SixGen’s board and take on the role of executive vice president, focusing on customer relationships. This leadership transition is expected to facilitate a smooth integration of Kyrus’s expertise into SixGen’s operations.
Support from Washington Harbour Partners
Washington Harbour Partners, which acquired SixGen in November 2023, has played a crucial role in supporting these acquisitions. The firm was advised by Holland & Knight on legal matters and PwC on financial aspects, while Morse Law provided legal advice to Kyrus Tech.
Conclusion
The acquisition of Kyrus Tech marks a pivotal moment for SixGen as it continues to expand its capabilities and strengthen its position in the defense and intelligence sectors. With a focus on innovation and comprehensive solutions, SixGen is poised to meet the challenges of the modern digital landscape head-on.
Sources
- SixGen purchases software development specialist – Washington Technology, Washington Technology.