This is technology M&A deal number XX that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Summit 7, founded in 2008, is based in Huntsville, Alabama. The company has 149 employees listed on LinkedIn. Summit 7’s areas of expertise include cybersecurity and compliance solutions for the Aerospace and Defense industry, as well as corporate enterprises, with specializations in Microsoft Cloud solutions and compliance requirements such as CMMC, DFARS, NIST 800-171, ITAR, and CUI data.
CSW Systems, founded in 2011, is based in Gainesville, Virginia with with operations in Denver, Colorado. The company has seven employees listed on LinkedIn. CSW Systems’s areas of expertise include managed services and continuous compliance support for classified data processing facilities, catering to clients within the intelligence community.
This strategic acquisition improves Summit 7's position as a provider of solutions for the DoD, IC, and its affiliated contractors, according to the company. The combined expertise of Summit 7 and CSW Systems will result in enhanced classified capabilities and a broader range of services for clients providing the same level of service for IL6 (Impact Level 6) requirements that Summit 7 currently provides for IL4 (Impact Level 4) requirements, the company said.
Executives Express Confidence in the Acquisition
Scott Edwards, CEO, Summit 7, commented:
"We are thrilled to welcome the talented team at CSW Systems into the Summit 7 team. Their proven track record of delivering high-quality, security and compliance-focused services aligns seamlessly with our commitment to excellence and great customer relationships. Together, we are poised to deliver even greater value to our clients across the DoD and IC ecosystem."
Curtis Nare, CEO, CSW, said:
"We couldn't be more excited about our partnership with Summit 7 for both employees and customers. The alignment represents a significant milestone for CSW, and we look forward to the ability to offer even greater value to existing and future customers. Joining this team strengthens our mutual belief that a secure supply chain is the backbone of national security."