KEYW to Sell SETA Business to Quantech Services

The KEYW Corporation announced that it has agreed to sell its systems engineering and technical assistance (SETA) business to Quantech Services Inc. for $12 million in cash.  The SETA business is projected to generate 2016 revenue of approximately $12 million.  KEYW decided to sell the business in order to de-conflict itself at two key government agencies and focus on technology development opportunities across the Intelligence Community. The deal is expected to close in a couple of weeks.  Bluestone Capital Partners is the exclusive adivsor to KEYW.