Jacobs Acquires The Van Dyke Technology Group, Inc.

04/12/2016

Acquisition Positions Company as Premier Provider of Cybersecurity Solutions

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it acquired The Van Dyke Technology Group, Inc. (Van Dyke), a 180-person cybersecurity firm specializing in identity and access management, threat mitigation and other cybersecurity solutions for enterprise networks and cloud-based IT environments.

The terms of the acquisition were not disclosed.

Based in Maryland, Van Dyke provides advanced cybersecurity services and solutions designed to protect sensitive information within classified networks, with a focus on supporting the U.S. Intelligence Community (IC). As a leading provider of identity and access management expertise, Van Dyke continues to develop data management technologies that enable seamless and secure information sharing within demanding environments.

Commenting on the announcement, Jacobs Senior Vice President Aerospace and Technology Darren Kraabel stated, “I am thrilled to welcome the Van Dyke team to Jacobs. The unique cybersecurity solutions developed by Van Dyke strengthen our IT solution offerings to public sector clients, such as those across the IC and Department of Defense, and provide a differentiating capability across our private sector client base. Cybersecurity is a critical and growing need for clients in every market we serve, particularly private sector clients who own critical infrastructure in the heavy process, transportation and industrial manufacturing industries. Our clients are looking to protect their increasingly interconnected capital investments.

“This acquisition complements other investments we have made over the past few years, including our cloud-based technology solutions; enhanced capability to connect industrial control systems to enable advanced data analytics; and leading-edge solutions to protect critical infrastructure – all of which we are offering under our ‘Connected Enterprise’ service package. Our objective is to help clients assure system and data integrity, reduce operating costs, increase productivity and profitability, improve safety and enhance their business’ agility.”

Jed Van Dyke, CEO of Van Dyke added, “The opportunity to expand our cybersecurity expertise and solutions across the public and private sector industries served by Jacobs is tremendous. As an integrated technology and engineering company with deep customer relationships across a variety of industries critical to our national infrastructure, Jacobs is uniquely positioned to enhance our collective cybersecurity resilience on a truly national, if not international, scale.

“With a proven record for delivering cutting-edge technology solutions that drive critical business outcomes, Jacobs represents a technical, cultural and philosophical fit for the Van Dyke team.”

Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2015 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Robin Shermer, 817-735-6284

Statements that are not based on historical fact are forward-looking statements.   Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements.

For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2009 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We caution readers that we do not undertake to update any forward-looking.