NEW YORK, NY--(Marketwired - September 29, 2014) - Mount Knowledge Holdings, Inc. (MKHD), a software development and sales company focused on providing innovative technology solutions announced today that it has entered into a definitive agreement to acquire 100% of Civergy, Inc., a national leader in smart grid technologies and cyber-security, in a share exchange agreement pursuant to which its shareholders will become the majority owners of the MKHD.
Civergy generated more than $35 million in revenue (unaudited) in 2013. Through its operating subsidiaries, Civergy is a national leader in smart grid technologies and cyber-security products and services to clients including U.S. Federal Government agencies, State, local and Tribal government and commercial clients. For the past 18 years, the Civergy group of companies has led advanced transportation research, strategic program development and implementation, environmental analysis, IT computer support services, grants management, and engineering under contracts with the U.S. Department of Energy and Department of Defense, among dozens of other clients.
Headquartered in Englewood, Colorado, Civergy's team of approximately 130 employees delivers innovative technical and management services through its 3 divisions: New West Technologies, which was founded in 1996 and provides clean, smart and reliable energy solutions and is a 5 time winner of the Inc. 500/5000 fastest growing private companies in America; PriMETRIX, which serves U.S. federal government contractor firms with contract procurement, compliance and growth services; and Cybergy Labs, an award-winning developer of specialized cyber-security software applications including "SmartFile," providing real-time document intelligence by inserting a new layer of security and reporting into sensitive files. (See: http://www.bioncorp.com)
"We're excited and privileged to be acquiring a company of such unique caliber that has led its field for almost two decades in the development, advisory and protection of critical infrastructure for a broad array of government and commercial clients," stated Jason Sawyer of Access Alternative Group, the lead investor in Mount Knowledge.
Mark Gray, Chairman and CEO of Civergy said, "Today marks a major milestone as Civergy merges with Mount Knowledge to grow our combined family of technology companies. With our overall proven track record in software development and contract services for government and tier-one commercial clients, combined with a management team of highly decorated and experienced professionals, we stand to create a strong partnership that we'll all be honored to be a part of."
Civergy engaged Source Capital Group, Inc. to act as M&A advisor on the transaction, with Chardan Capital Markets, LLC acting as lead placement agent and financial advisor.
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