More About CyberCore’s History
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New York
July 11, 2011
Moelis Capital Partners Announces the Acquisition of CyberCore Technologies
Moelis Capital Partners (MCP), the private equity business affiliated with Moelis & Company, today announced the acquisition of CyberCore Technologies (“CyberCore”), a leading provider of information technology services to the federal government and intelligence community with expertise in cyber security, systems integration, and secure supply chain management.
Headquartered in Elkridge, Maryland, CyberCore’s supply chain management services include the secure procurement, installation, integration, and management of complex IT systems to streamline customers’ acquisition and refresh cycles. CyberCore also provides a full suite of IT managed services, including network engineering and architecture, systems engineering and lifecycle management. CyberCore supports numerous long-term IT engagements, including some of the largest IT contracts to the defense and intelligence communities. Approximately 80 percent of CyberCore’s more than 200 employees are high-level engineers, working to ensure the security of critical customer IT infrastructure. The company has recently added a new state-of-the-art facility with a cutting-edge integration center and lab to fully support the company’s intelligence community customers. Prior to the acquisition, CyberCore was a portfolio company of Roark Capital Group, an Atlanta-based private equity firm.
“We are excited about this partnership and believe it will help us grow and better meet the mission-critical needs of our customers,” said Kevin Powderly, Co-Founder and Co-CEO of CyberCore Technologies. “This is a time of advancement and transformation in technology and MCP’s involvement will allow CyberCore to offer an even more innovative suite of services going forward.” Kevin and his brother John, who co-founded CyberCore in 2000, will retain a significant equity ownership interest and continue their leadership roles as Co-CEOs.
Kurt Larsen, Managing Partner of Moelis Capital Partners, said, “We were impressed by CyberCore’s strong leadership team and successful track record. The company has developed a reputation for providing leading IT procurement, asset management and related engineering services to the most demanding clients. We’re particularly excited by the company’s growth prospects and we look forward to working with this talented management team.”
Chris Mills, President of CyberCore, said, “This new capital will enable us to expand and manage our business more effectively during this exciting growth period. We are pleased that MCP sees the importance of fostering the development of technology companies leading the way in cyber security.”
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