NetCentrics Corporation

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NetCentrics Corporation - overview

Established

1995

Location

Herndon, VA, US

Primary Industry

IT Security/Cybersecurity

About

NetCentrics Corporation delivers specialized IT and cybersecurity services primarily to U. S. government agencies, focusing on enhancing digital infrastructure and safeguarding critical information against cyber threats. Founded in 1995 and headquartered in Herndon, US, NetCentrics Corporation specializes in IT and cybersecurity solutions.


The company has undergone strategic shifts to cater to the evolving needs of its governmental clients. In October 2021, Cerberus Capital Management acquired NetCentrics from Haystax Technology, Inc. , although the financial terms of the transaction were not disclosed. The CEO of the company is Kenneth Cushing.


NetCentrics specializes in providing comprehensive IT and cybersecurity services tailored to the needs of the United States government and its defense agencies. The company’s core offerings focus on four primary areas: cybersecurity, cloud security, digital transformation, and mission support. These services are designed to protect sensitive information, modernize IT infrastructure, and ensure uninterrupted operations for government clients. Notably, NetCentrics delivers solutions such as Wraith, which facilitates cross-cloud threat hunting and visibility, enhancing clients' capabilities to outmaneuver cyber threats.


The company serves a diverse client base, including federal civilian agencies, defense sectors, and the intelligence community, primarily within the United States but with a commitment to adapting solutions for various government sectors globally. NetCentrics generates revenue through a variety of contractual agreements primarily structured around service-based engagements with government clients. The company engages in B2B transactions that focus on long-term partnerships, offering comprehensive support in cybersecurity and IT services. Revenue streams may include fixed-price contracts, time-and-material agreements, and performance-based incentives, depending on the project requirements.


By providing tailored solutions to the defense and intelligence sectors, including flagship services in cybersecurity and digital transformation, NetCentrics ensures that its offerings align with the evolving needs of its customers. The firm's focus on mission-critical capabilities creates a consistent demand for its services among government agencies, fostering sustained revenue growth through ongoing contracts and service extensions. Following its acquisition on October 12, 2021, NetCentrics Corporation plans to leverage the additional capital from Cerberus Capital Management to enhance its growth initiatives. The company is focused on expanding its portfolio with new cybersecurity and cloud security solutions, expected to be launched in the upcoming year.


Additionally, NetCentrics aims to penetrate international markets and has set its sights on government contracts in Europe and Asia by 2025, underscoring its commitment to providing tailored solutions to global defense and intelligence sectors.


Current Investors

Cerberus Capital Management, Haystax Technology, Inc.

Primary Industry

IT Security/Cybersecurity

Sub Industries

IT Infrastructure, IT Security/Cybersecurity, Monitoring & Security Software

Website

www.netcentrics.com

Verticals

Cloud Computing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

NetCentrics Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedNetCentrics Corporation-
Add-onCompletedNetCentrics Corporation-

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