Raytheon Expands Cyber Security Capabilities With Acquisition of Henggeler Computer Consultants
Defense contractor Raytheon continues to gobble up cyber security services firms, today announcing that it has acquired privately held Henggeler Computer Consultants, Inc., a contracting firm that provides enterprise architecture, analytics, software, cloud-based development solutions.
Raytheon says the acquisition will extend its capabilities to serve the cybersecurity, enterprise architecture and systems engineering needs of customers in the intelligence community as well as in the Department of Defense. Henggeler says it has been providing services to government clients in the Washington, D.C. area since 1996.
The acquisition of Henggeler comes on the heels of Raytheon’s acquisition of Pikewerks, a cyber security company that focuses on insider threat protection, software protection, and forensics, in a deal that was announced earlier this month.
The acquisition of Henggeler Computer Consultants seems more like a talent play, as the company is mainly a services firm and will bring hard to find cybersecurity talent as well as enterprise and intelligence systems experience and contracts. The terms of the transaction were not disclosed.
Columbia, Maryland-based Henggeler Computer Consultants has additional offices in Annapolis Junction, Md. The company’s founder and president Dick Henggeler will remain on board.
This marks Raytheon's 10th cybersecurity-related acquisition since 2007.
According to a recent report released by PwC, merger and acquisition deal activity in the cyber security space has exceeded $22 billion globally since 2008. PwC’s report said the first half of 2011 brought 37 deals valued at over $10 billion, representing a 70 percent increase compared to full year 2010. This is another to add to the list.