Applied Signal Technology Completes Cyber Acquisition

Applied Signal Technology, Inc. (AST) (NASDAQ: APSG) has announced that the firm has completed its acquisition of Seismic LLC, a cybersecurity company that provides support to the Intelligence Community and the Department of Defense. AST has agreed to acquire Seismic for $25 million in cash.

“We believe that the current urgent need for cyber intelligence services will continue to expand into the future,” William B. Van Vleet, Chief Executive Officer of AST, said. “The acquisition of Seismic, a fast growing, profitable, and extremely talented organization, cements our position in that exciting market. We now have the scale, thought leadership, and access to resources to be a significant competitor across a wide range of programs.”

The acquisition expands AST’s cyber capabilities along with the company’s network services and software business.

“Together, as part of one company, we become a powerful platform in the cyber intelligence market. We are now positioned to compete for opportunities that were, until now, beyond the capabilities of either company alone,” said Patrick Gahan, Founder and Chief Executive Officer of Seismic. “We are very excited to join AST and merge into its Network Intelligence Division to raise the level of our service and capabilities for our customers.”

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