June 16, 2015
ManTech Acquires Knowledge Consulting Group to Expand Cyber Security Services to Government and Commercial Customers
Acquisition Enhances ManTech's Position as Cyber Defense Leader
FAIRFAX, Va., June 16, 2015 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq:MANT) has completed the acquisition of Knowledge Consulting Group (KCG), a rapidly growing cyber security advisor in both the public and private sectors focused on anticipating threats and implementing defensive countermeasures. ManTech will fund the acquisition from cash on hand with additional funding from its existing line of credit.
Headquartered in Reston, Virginia, and founded in 2000, KCG provides full lifecycle cyber security solutions in risk assurance, cyber operations, and infrastructure security to identify and manage risk for our nation's most critical infrastructures and institutions. Leveraging its repeatable, full lifecycle approach, KCG can enable an organization to navigate the complexities of the evolving cyber security landscape and assure the security of its assets, information, and reputation. In addition, KCG is at the forefront of cloud security for government agencies as one of the first and most active cyber security companies accredited as a Third-Party Assessment Organization (3PAO) under the FedRAMP Program. KCG's major customers include critical government agencies, such as the Departments of Homeland Security and Justice, as well as leading commercial solution providers.
The acquisition of KCG brings more than 200 cyber security professionals to ManTech's Mission, Cyber and Intelligence Solutions Group, led by L. William Varner. The acquisition will be slightly accretive to 2015 financial results.
"ManTech is a cyber leader, and the acquisition of KCG fits with our strategy of expanding into the growing cyber services and homeland security markets," said ManTech Chairman and Chief Executive Officer George J. Pedersen. "We are excited to add KCG's talented people, trusted capabilities, and important customers to ManTech."
"KCG looks forward to integrating seamlessly with ManTech to create the premiere provider of cyber defense solutions across federal and commercial customers," said Dusty Wince, founder and chief executive officer of KCG. "KCG's business leaders and I are all excited by the opportunity to leverage the resources of KCG and ManTech to expand our services to current customers and aggressively pursue new opportunities."
About ManTech International Corporation
ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the Departments of Defense, State, Homeland Security, Energy, Veterans Affairs, and Justice, including the Federal Bureau of Investigation; the health and space communities; and other U.S. federal government customers. We provide support to critical national security programs for approximately 50 federal agencies through approximately 1,100 current contracts. ManTech's expertise includes cyber security; command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions and services; information technology (IT) modernization and sustainment; intelligence/counter-intelligence solutions and support; systems engineering; healthcare analytics and IT; global logistics support; test and evaluation; and environmental, range, and sustainability services. ManTechsupports major national missions, such as military readiness and wellness, terrorist threat detection, information security and border protection. Additional information on ManTech can be found at www.mantech.com.
ManTech International Corporation
Lynn Davis, 703-259-3636