Elkridge, MD October 11, 2011
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, today announced that the Paladin Capital Group has made an investment in the company. The investment comes after Cybercore was acquired by Moelis Capital Partners (MCP), the private equity business affiliated with Moelis & Company, in July.
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.
“Paladin is excited to partner with Moelis Capital Partners as an investor in of CyberCore as the company continues to grow its business in cyber security, systems integration and secure supply chain management,” said Paladin Managing Director Lt. General (Ret) Kenneth A. Minihan, who has joined the Company’s Board of Directors. “Over the past decade CyberCore has built an impressive track record and we look forward to working with the company as it builds further offerings that will secure even more of the nation’s critical infrastructure.”
CyberCore supports numerous long-term IT engagements, including some of the largest IT contracts to the defense and intelligence communities. Approximately 80 per cent 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.
Kurt Larsen, a Managing Partner of MCP, said, “We know and respect Paladin Capital Group and believe [Lt. General (Ret)] Ken Minihan and his team’s deep experience in the intelligence community will help us enhance CyberCore’s capabilities and service to its clients.”
Chris Mills, President of CyberCore said, “As CyberCore Technologies continues to grow we are looking forward to the partnership with Paladin. We believe this partnership will better allow us to continue to give our customers the best products and service possible. Cyber terrorism is a real and serious threat that our nation faces and we are dedicated to doing our part to combat that threat. Paladin is dedicated to keeping our nation safe and investing in growing companies that focus on providing products and services that address homeland security issues and needs. I feel they are going to be a great fit with our organization.”
For further information, please contact:
Andrea Hurst Jessica Furey
Moelis & Company CyberCore Technologies
t: 212 883 3666 t : 410-561-7114
m: 347 583 9705 m : 301-613-7639
About CyberCore Technologies
For more information, please visit www.cybercoretech.com.
About Paladin Capital Group
Headquartered in Washington, D.C., Paladin Capital Group is a leading multi-stage private equity firm providing capital for growing companies whose principal business centers on products and services that address homeland security issues and needs. Paladin has over $950 million dollars of committed capital across multiple funds and 37 portfolio companies. For more information, please visit http://www.paladincapgroup.com
About Moelis Capital Partners
Moelis Capital Partners is a middle market private equity firm founded in 2007 in connection with the formation of Moelis & Company, a global investment bank. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit www.moelis.com.