Terms of the transaction were not disclosed. The transaction will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2011 or fiscal year 2012.
Pikewerks enhances Raytheon's comprehensive cybersecurity offerings, including a range of analysis and investigation capabilities with particular emphasis on insider threat protection, software protection and forensics. Two high-demand Pikewerks products are Electronic Armor(r), an anti-exploitation software tool that protects executable files; and Second Look(r), a software capability for live, in-memory forensic analysis of operating systems. Pikewerks brings one of the industry's largest repositories of kernel-level engineering talent on the Linux Operating System.
"Like Raytheon, Pikewerks is built on the commitment to undertake the hardest problems and apply creativity and innovation to push the limits of technology," said Lynn Dugle, President of Raytheon's Intelligence and Information Systems business. "Developers at Pikewerks are experts who have taken technology from concept to deployment, and we are excited to welcome them as members of our innovative Raytheon team."
Pikewerks is based in Madison (Alabama) with offices in Alexandria (Virginia.), Seattle and San Antonio (Texas).
Pikewerks' Founder and President Sandy Ring, and CEO Michael Ring, will remain with the company.
Since 2007, Raytheon's cyber-related acquisitions include:
- Oakley Networks (2007)
- SI Government Solutions (2008)
- Telemus Solutions (2008)
- BBN Technologies (2009)
- Compucat Research Pty. Ltd. (2010)
- Technology Associates (2010)
- Trusted Computer Solutions (2010)
- Applied Signal Technology (2011)