Ashburn-based CIS acquired by Indiana private equity firm
Company provides tech for intelligence and law enforcement
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed.
CIS is a provider of secure and customized communications technologies that help prevent data leaks, tracking, eavesdropping and hacking. CIS has a portfolio of retrofitted voice over internet protocol (VoIP) phones, laptops, USB disconnects and conference equipment. The company provides hardware and software to the intelligence and law enforcement communities.
“We believe CIS has an established market share in an industry with compelling tailwinds,” said Luke Phenicie, lead transaction partner at HKW, in a statement. “We are excited about partnering with the CIS management team to help them elevate to the next level, including new product line additions and seeking new add-on acquisitions.”