CALIAN TECHNOLOGIES $19.92 (Toronto symbol CTY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.comtarget=”_blank”; Shares outstanding: 7.3 million; Market cap: $147.1 million; Yield: 5.6%) has acquired Ottawa-based DWP Solutions for an undisclosed amount.
DWP has been in business for 18 years and helps government and defence customers secure their computer networks. The company’s annual revenue is around $6 million. To put that in context, Calian reported $51.2 million of revenue in the latest quarter.
The purchase is small for Calian, but it will be a good fit with the company’s Business and Technology Services division, which supplies engineers, health care workers, information technology professionals and other personnel on a contract basis.
The company’s clients are asking for more cyber-security specialists, and DWP will help it meet that demand.
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