Peerless Technologies acquires cyber, systems engineering specialist
Gettyimages.com / Flavio Coelho
By
Ross Wilkers
Peerless becomes a 700-employee company and adds a portfolio of work involving the electromagnetic spectrum.
Peerless Technologies has acquired a provider of cybersecurity and systems engineering services in a move to gain more of a footing across the Army.
QED Systems LLC opened for business in 2005 to concentrate on research and development work C4ISR domain – command, control, communications, computers, intelligence, surveillance and reconnaissance. QED’s longstanding relationship with the Army is highlighted in how its headquarters are at Aberdeen Proving Ground, Maryland.
Through this transaction announced Monday, Peerless becomes a 700-employee company with a presence across 29 states and also adds a portfolio of offerings in electromagnetic spectrum mission software. Financial terms were not disclosed.
Peerless also is touting QED’s history in areas such as mission engineering, logistics, operations, intelligence processing and analytics for programs involving the RDT&E lifecycle (research, development, testing and evaluation).
QED Systems has recorded approximately $61.2 million in unclassified prime contract revenue over the trailing 12 months with all of that from the Army, according to USASpending.gov data. Peerless has generated $49.7 million in similar revenue over that same timeframe with the Navy representing 79%.
Sebaly, Shillito & Dyer was lead counsel and Miles & Stockbridge provided government contracting counsel to Peerless on the buy side. Evergreen Advisors Capital acted as financial adviser to QED, whose lead counsel was Pessin Katz Law. Sell-side government contracting counsel was provided by the law offices of William Weisberg.
For Peerless, this represents its second acquisition of the year following its purchase in February of Statheros to add a line of work in spectrum and open architecture software.