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Jacobs Boosts Cyber Security Business with Van Dyke Buyout

Recently, Jacobs Engineering Group Inc. JEC inked a deal to acquire cyber security company, The Van Dyke Technology Group, Inc. (Van Dyke), for an undisclosed amount. The buyout is targeted to strengthen Jacobs’ position as a cyber security solution provider.

Van Dyke specializes in threat mitigation, access management and identification services in addition to solutions required in cloud-based information technology environments as well as enterprise networks. These services are designed to protect sensitive information within the framework of classified networks to assist the U.S. Intelligence Community (IC). The data technologies developed by the company enable secured and seamless information transmission within various environments.

Moving Ahead

Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The company also offers rail planning, rail consulting, and designing & construction services to several private as well as public railroads in the U.S. The Zacks Rank #3 (Hold) company strives to improve its business through inorganic growth initiatives and the Van Dyke deal is in line with this strategy.

According to Jacobs, the association with Van Dyke would reinforce its public sector IT solution offerings in the near future. It would also help in differentiating its service quality among the private sector clients. The demand for cyber security is rapidly increasing and therefore this buyout would definitely boost Jacobs’ revenues in the near future.

Stocks to Consider

Some better-ranked stocks in the industry are Accenture plc ACN, BG Staffing, Inc. BGSF and Copart, Inc. CPRT. All the three stocks currently hold a Zacks Rank #2 (Buy).

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JACOBS ENGIN GR (JEC): Free Stock Analysis Report
 
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BG STAFFING INC (BGSF): Free Stock Analysis Report
 
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