The Edgewater Funds Acquires Netcentrics To Expand Its Cybersecurity Business
Edgewater Growth Capital Partners III, L.P. (“Edgewater” or the “Fund”) is pleased to announce the recent acquisition of NetCentrics as a significant addition to the Fund’s cybersecurity platform Haystax Technology (“Haystax”). NetCentrics (“NetCentrics” or the “Company”) provides cybersecurity solutions to the Department of Defense, Department of Homeland Security, DARPA and other federal agencies. The Company is based in Herndon, Virginia and has over 280 employees.
Edgewater acquired NetCentrics to extend the range of critical capabilities at Haystax, including enterprise cybersecurity and IT network integration, while increasing access to additional new government service programs. NetCentrics is expected to be highly synergistic with Haystax’ first two acquisitions, FlexPoint and Digital Sandbox, through cross selling and bundling of services within major customer contracts.
The Haystax platform is well positioned to benefit from the increasing demand for cybersecurity products and services within both the governmental and private sectors.