2023-03-14 07:33:13 ET
- Parsons ( NYSE: PSN ) to acquire IPKeys Power Partners for $43M.
- It will aid critical infrastructure protection capabilities through comprehensive cloud-based cybersecurity, software solutions that operate at the intersection of information and operational technology, and technologies that will help accelerate the global clean energy transition.
- “The addition of IPKeys brings important software platforms and capabilities that strengthen our integrated solutions that protect critical infrastructure,” said Carey Smith, Parsons’ chair, president, and CEO.
- The acquisition aligns with company's strategy of completing accretive acquisitions of companies with revenue growth and adjusted EBITDA margins of 10% or greater, while adding critical intellectual property that strengthens the company’s existing portfolio.
- IPKeys Power Partners will be primarily integrated into Parsons’ Connected Communities business unit and, specifically, the Parsons X digital accelerator organization.
For further details see:
Parsons buys IPKeys Power Partners for $43M