November 21 2011
KippsDeSanto & Co. Advises WINS on its Sale to ManTech International Corporation
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Worldwide Information Network Systems, Inc. (“WINS” or “the Company”), by ManTech International Corporation (“ManTech”) for $90 million. ManTech acquired WINS to deepen its cyber security and intelligence information technology (“IT”) solutions capabilities, and assume a prime position on the $6.6 billion Defense Intelligence Agency (“DIA”) Solutions for the Information Technology Enterprise (“SITE”) contracting vehicle. The transaction closed on November 15, 2011.
Headquartered in Seabrook, Maryland, WINS is a leading provider of cyber security, network / infrastructure engineering, and software / system development solutions, principally for the DIA and Department of State (“DoS”). WINS directly supports ongoing intelligence and national security mission requirements in the areas of classified networks, data, and communications. The Company’s highly cleared professionals support client missions by providing network / infrastructure development and support; ensuring the availability, integrity, and security of IT assets; developing defensive and forensic cybersecurity tools; and enhancing enterprise storage and communications systems.
We believe this transaction demonstrates several key trends in the government technology M&A environment:
• Companies with leading cyber security capabilities and intelligence customer orientation remain at the forefront of industry acquisition criteria, especially given these segments’ favorable growth outlooks relative to the broader federal contracting market
• Targets operating at the front-end of contracts (with significant backlog) that provide strong revenue visibility and organic growth potential are highly sought after
• Prime positions on large, long-term contract vehicles awarded on a full and open basis (or transitionable) drive value; buyers and investors are becoming more sophisticated when evaluating small business contracts in these instances
• Combination of sustainable competitive differentiators such as clearances, customer depth, contract vehicles, and technical expertise motivate premium pricing by strategic buyers and private equity investors
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Worldwide Information Network Systems, Inc. (“WINS” or “the Company”), by ManTech International Corporation (“ManTech”) for $90 million. ManTech acquired WINS to deepen its cyber security and intelligence information technology (“IT”) solutions capabilities, and assume a prime position on the $6.6 billion Defense Intelligence Agency (“DIA”) Solutions for the Information Technology Enterprise (“SITE”) contracting vehicle. The transaction closed on November 15, 2011.
Headquartered in Seabrook, Maryland, WINS is a leading provider of cyber security, network / infrastructure engineering, and software / system development solutions, principally for the DIA and Department of State (“DoS”). WINS directly supports ongoing intelligence and national security mission requirements in the areas of classified networks, data, and communications. The Company’s highly cleared professionals support client missions by providing network / infrastructure development and support; ensuring the availability, integrity, and security of IT assets; developing defensive and forensic cybersecurity tools; and enhancing enterprise storage and communications systems.
We believe this transaction demonstrates several key trends in the government technology M&A environment:
• Companies with leading cyber security capabilities and intelligence customer orientation remain at the forefront of industry acquisition criteria, especially given these segments’ favorable growth outlooks relative to the broader federal contracting market
• Targets operating at the front-end of contracts (with significant backlog) that provide strong revenue visibility and organic growth potential are highly sought after
• Prime positions on large, long-term contract vehicles awarded on a full and open basis (or transitionable) drive value; buyers and investors are becoming more sophisticated when evaluating small business contracts in these instances
• Combination of sustainable competitive differentiators such as clearances, customer depth, contract vehicles, and technical expertise motivate premium pricing by strategic buyers and private equity investors
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin