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HANOVER, Md., Sept. 13, 2012 (GLOBE NEWSWIRE) -- KEYW Corporation (Nasdaq:KEYW) is pleased to announce that it has entered into a definitive agreement to acquire Sensage, Inc., a privately held provider of advanced Security Information and Event Management (SIEM) and event data warehousing software solutions to enterprise and government customers. In addition to providing KEYW an expanded commercial market opportunity, this acquisition strategically supports Project G, our Cyber Awareness and Response Platform.
The Sensage SIEM solutions, technology and team will become an important part of a new generation of cyber awareness products and services that KEYW is preparing to launch. The transaction is expected to close in October 2012, subject to Sensage equity holder approval and other customary closing conditions.
"Sensage brings advanced cyber intelligence technology and an executive team with extensive commercial product experience that is highly relevant to bringing Project G to general availability early next year," commented Leonard Moodispaw, CEO and President of KEYW Corporation. "Cyber awareness begins with the ability to absorb and relate large quantities of cyber operations and security data within an enterprise. Today these data overwhelm most organizations' capabilities to observe and respond to hostile activity within their network environments until it is too late. By joining forces, KEYW and Sensage will offer a new level of cyber awareness to both commercial and government markets."
Sensage, headquartered in Redwood City, California, has delivered solutions to over 450 enterprise and government customers worldwide. Sensage's patented technology provides optimized high-volume event collection, monitoring, analytics and reporting for large amounts of log data over indefinite periods of time. Sensage technology was recognized in May 2012 by Gartner, Inc. in the "Critical Capabilities for Security Information and Event Management" report.
"Sensage is thrilled to become part of the KEYW team, building out solutions that combine uniquely scalable technologies and advanced expertise to solve the most difficult security problems on the planet," commented Joe Gottlieb, CEO of Sensage. "Our work with proactive security teams in both commercial and government environments produces a fountain of sophisticated analytics and best practices that we share across all customers. KEYW's Cyber Awareness and Response Platform will take all of this to the next level, integrating automated platforms on customers' premises with cyber black belts in the cloud."