KEYW in $95 Million Common Stock Offering Funding Cybersecurity Acquisition

September 28, 2012

Cleary Gottlieb represented the underwriters, led by RBC Capital Markets, in a recent offering of 8,510,000 shares of common stock of The KEYW Holding Corporation (including the underwriters’ exercise in full of their option to purchase an additional 1,100,000 shares to cover overallotments). The transaction priced on September 24 and closed on September 28.

KEYW provides cybersecurity, cyber superiority and geospatial intelligence solutions to U.S. Government defense, intelligence and national security agencies. KEYW’s solutions are designed to meet critical needs for agile intelligence in the cyber age and to assist the U.S. government in national security priorities. The firm was also counsel to the underwriters in KEYW’s 2010 initial public offering.

KEYW intends to use the proceeds of the stock offering, together with funds from anticipated borrowings, to pay for its pending acquisition of Poole and Associates. The stock offering by KEYW followed shortly after the announcement of the Poole acquisition and of KEYW’s pending acquisition of Sensage. Both Poole and Sensage are cybersecurity providers.