Jacobs (J) to Acquire BlackLynx

Jacobs (NYSE: J) announced today that it has entered into a definitive agreement to acquire BlackLynx, a provider of high-performance software, to complement Jacobs' leading portfolio of cyber, intelligence and digital solutions. The terms of the acquisition were not disclosed.

BlackLynx's industry-leading suite of software-enabled solutions and products in edge computing, hybrid-cloud infrastructure, and collection automation deepens Jacobs' capabilities to deliver actionable, real-time insights in response to customers' mission critical requirements and national security priorities.

"As edge computing proliferates across all domains, rapidly gaining actionable insights from the vast volumes of data becomes essential," said Jacobs Chair and CEO Steve Demetriou. "BlackLynx's embedded analytics platform provides real-time AI and ML image and data classification in the cloud and at the edge. The combination of Jacobs' deep domain knowledge and BlackLynx's next-generation technology will unlock new opportunities to create a more connected and sustainable world."

At closing, BlackLynx will expand Jacobs' position to 14 of 18 U.S. Intelligence Community agencies and will be aligned with Jacobs' Cyber & Intelligence business unit under the leadership of Caesar Nieves, Senior Vice President.

Both companies see strong opportunities to apply BlackLynx's technology and software to support government services as well as critical infrastructure sectors of transportation, water and smart cities.

"With our shared values and strong cultures of performance excellence and innovation, our combination creates new opportunities for our people, our clients, our industries and the communities where we live and work," said BlackLynx CEO Doug Wolfe. "Gaining real-time insights from data is a key ingredient in modernizing and securing our global infrastructure. Jacobs' strategic position supporting the United States' most critical missions and infrastructure creates a new trajectory for our leading software-enabled services."

Advisors

Guggenheim Securities, LLC is serving as exclusive financial advisor to Jacobs, and Fried, Frank, Harris, Shriver & Johnson LLP is serving as legal counsel to Jacobs. Raymond James is serving as exclusive financial advisor to BlackLynx, and Cooley LLP is serving as legal counsel to BlackLynx.

Investors

Caesar Nieves, Jacobs Senior Vice President of Cyber and Intelligence, will participate in a previously scheduled fireside chat with Jeffries Managing Director Sheila Kahyaoglu to discuss Jacobs' Cyber and Intelligence strategy on Nov. 1 at 11 a.m. ET. Information will be available on Jacobs' investor page.

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