Jacobs Acquires Blue Canopy; Expands Data Analytics and Cybersecurity Services

DALLAS--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has acquired Blue Canopy, a data analytics, cybersecurity and application development firm, as part of ongoing investments to expand Jacobs Connected Enterprise (JCE) solutions. JCE offers digital solutions to connect critical infrastructure, analyze data to optimize operations and protect that data and associated infrastructure from internal and external threats. The terms of the acquisition were not disclosed.

Blue Canopy, a 2016 GovCon Contractor of the Year award winner, specializes in customized cybersecurity, data analytics and application development solutions for the Federal civilian financial, education, and healthcare sectors as well as the defense and intelligence communities. Their Security Operations Center solutions garnered top Federal Government cybersecurity program awards for the Federal Deposit Insurance Corporation (FDIC) and Centers for Medicare & Medicaid Services (CMS). Additionally, their data analytics solutions have received top awards from the Department of Homeland Security and National Science Foundation. The company has 450 employees and reported $104 million in revenue in 2016.

“We welcome the Blue Canopy team to Jacobs and the capabilities they bring to the table to help our clients work smarter while being safer and more secure,” said Jacobs Aerospace and Technology Senior Vice President Darren Kraabel. “When discussing digital solutions with our public and private sector clients, we encounter two recurring themes. First, the need to deliver data visualization and analytic solutions that allow operators to quickly identify areas for improvement and unlock the power of the data. Second, the need for comprehensive cybersecurity solutions that span the spectrum of compliance to managed services to forensics and resiliency. Blue Canopy brings solutions in all these areas to expand Jacobs’ capabilities.

“Blue Canopy also expands our client base into the federal civilian financial and healthcare sectors, as well as broadening our market penetration across the intelligence community. Every element of this investment supports our growth strategy,” added Kraabel.

“Combining Blue Canopy’s technology enabled solutions with the Jacobs Connected Enterprise will accelerate client adoption around automation, analytics and innovation in commercial, civilian and national security markets,” said CEO of Blue Canopy Brad Schwartz. “Our complementary capabilities in cybersecurity, data analytics and cloud practice will make us a driving force in the market and allow us to bring new solutions to Jacobs’ existing customer base. Without a doubt, the combination is both compelling and powerful.”

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.

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 Form 10-K for the year ended September 30, 2016, 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.

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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Salim Rahimi, 214-583-8428