News Column

Haystax Technology Announces Acquisition of NetCentrics

August 4, 2014

Combination Creates Next-Generation Mid-Market Company Providing Cybersecurity, Advanced Analytics and Secure Cloud Computing Solutions

MCLEAN, Va.--(BUSINESS WIRE)-- Haystax Technology Inc., a developer of next-generation analytics and cloud computing solutions, today announced that it has acquired NetCentrics Corporation, a leader in cybersecurity and network management solutions for defense and federal customers. The acquisition provides immediate scale to create a single company capable of driving greater innovation and positioning itself as a premier high-tech provider, specializing in big data analytics, cloud computing, real-time threat assessment, cybersecurity and IT enterprise management for defense, intelligence and commercial markets. Together, the companies are poised to leverage a multi-billion dollar market opportunity.

With a revenue of more than $100 million, the companies will effectively address the top technology growth sectors, including cybersecurity, analytics, cloud computing, IT infrastructure modernization and secure mobility solutions. With the Haystax Technology Accelerator and NetCentrics’ OVO consulting group, the company will continue to focus on delivering next generation disruptive products and services.

“We have very strong cultural alignment and focus on bringing leading edge technology to our customer’s most difficult missions by providing differentiated solutions with innovation and agility,” said William B. Van Vleet III, CEO of Haystax. “The NetCentrics team has proven expertise, strong leadership and complementary skills and capabilities. Their size, scale and infrastructure, along with a strong contract base, provide a formidable foundation for acceleration of growth in a number of critical areas.”

"Since founding NetCentrics almost 20 years ago, we’ve worked to offer top-notch technical solutions to our clients and create a corporate culture that has strong core values and a commitment to employees,” said Bob Dougherty, CEO of NetCentrics. “We look forward to extending our culture to Haystax and building an environment where creative thinking, imaginative engineering and thoughtful leadership will take our combined organization to new levels.”

NetCentrics will operate as a wholly owned subsidiary of Haystax, maintaining its current brand, employee base and customer portfolio. Together the companies have offices in Northern Virginia; Northern California; Raleigh, N.C.; and Sierra Vista, Ariz.

About Haystax

Haystax Technology, Inc. provides next-generation intelligence and analytics solutions that deliver up-to-the-minute situational awareness and actionable intelligence for government and commercial markets. Haystax uses a combination of software and human analysis to turn large, disparate and unstructured data volumes into comprehensive and actionable information. In essence, these technologies allow users to find “the needle in the haystack” quickly and reliably. For further information about Haystax Technology, visit www.haystax.com or on Twitter @haystaxtech.






for Haystax Technology, Inc.

Ellen Backus, 612-616-2991

ellen@gaiapr.com

or

Tori Montano, 202-765-2803

tori@gaiapr.com

Source: Haystax Technology, Inc.


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Source: Business Wire


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