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KEYW Hires Chris Fedde As Executive Vice President

Stocks in this article: KEYW

HANOVER, Md., April 30, 2013 (GLOBE NEWSWIRE) -- KEYW Corporation (Nasdaq:KEYW) announced today it has hired Chris Fedde, former President and CEO of SafeNet, Inc., as Executive Vice President to lead KEYW's expanding commercial products business.

"I am pleased to welcome Chris to the KEYW team and look forward to his valuable insight and guidance as KEYW expands its technology product portfolio for both government and commercial customers," commented Leonard Moodispaw, CEO and President of KEYW Corporation. "For some time now, we have been describing what we call our 'horizontal path' effort which leverages capabilities derived from our work in the Intelligence Community to introduce new products and services for other markets. 'Project G' is one example, but we see additional opportunities on the near-term horizon. Adding a high-quality, seasoned technology executive like Chris further demonstrates KEYW's commitment to our product endeavors, and we look forward to him helping us manage these efforts to maximize our success."

Chris Fedde is the former President and Chief Executive Officer of SafeNet, Inc., a global leader in data protection. He was named CEO in May 2011, having more than a decade of executive leadership at SafeNet and previously serving as its President and Chief Operating Officer.

During his tenure at SafeNet, he led the rapid and dynamic growth of SafeNet, first as Director of Corporate Product Management and Business Development and then as General Manager of the Enterprise Security Division. Mr. Fedde established the Company's security presence in the U.S. government, and expanded SafeNet's presence in the worldwide security community. He led the company from sub-$20 million in revenue in 2001 to more than $450 million by 2010, along the way establishing SafeNet as one of the largest independent security technology companies in the world with a strong mix of both commercial and government enterprises. Mr. Fedde positioned SafeNet at the forefront of protecting high value information for companies and governments globally.

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