Date: May 13, 2010 Author: press release Source: aronsonllc.com (
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Aronson Capital Partners (ACP) is pleased to announce the acquisition of Seismic LLC by Applied Signal Technology, Inc. (AST). ACP identified the acquisition target and served as AST's financial advisor in this transaction.
Seismic LLC, headquartered in Hanover, Maryland, provides highly specialized cyber security solutions, software engineering, data management, and systems engineering and integration services for the U.S. Department of Defense and the Intelligence Community. AST (NASDAQ: APSG) provides advanced intelligence, surveillance, and reconnaissance (ISR) products, systems, and services to enhance global security. The acquisition of Seismic will reinforce AST's efforts in Cyber Threat Intelligence, Computer Network Defense and Predictive Security, Information Advantage and Computer Network Operations.
The completion of the Seismic transaction represents ACP's fourth successful Cyber Security assignment since January 2008. We welcome the opportunity to discuss how Aronson Capital Partners can assist you in achieving your strategic objectives. Contact Phil McMann from Aronson Capital Partners at 301.231.6202 or pmcmann@aronsoncompany.com for more information.
William B. Van Vleet, Chief Executive Officer of AST, said "We believe that the current urgent need for cyber intelligence services will continue to expand in the future. The acquisition of Seismic, a fast growing, profitable, and extremely talented organization, cements our position in that exciting market. We now have the scale, thought leadership, and access to resources to be a significant competitor across a wide range of programs." AST's Chief Financial Officer, James E. Doyle, stated on the analyst call announcing the transaction that "Aronson Capital Partners assisted in the selection process and did a fine job working with us and introducing us to the principals at Seismic."
Aronson Capital Partners is a leading M&A advisor to middle-market government contractors and professional services organizations. ACP provides a full range of M&A and corporate finance advisory services to help clients achieve their growth and liquidity objectives. With an exclusive focus on the federal sector, ACP is able to provide clients with a unique industry perspective along with access to long-standing relationships with key industry participants.
