Headwaters advised Luna Innovations Incorporated (NasdaqCM:LUNA) on its divestiture of its Secure Computing and Communications group (SCC), to MacAulay-Brown, Inc. (MacB), a leading national security company providing advanced engineering and security solutions to defense, intelligence, homeland security and federal agencies. Terms of the transaction were not disclosed.
Luna’s Chief Executive Officer, My Chung, said, “This sale accelerates the monetization of our secure computing technology while mitigating exposure to reductions in government spending.” Chung added: We look forward to working with MacB and SCC’s customers on a smooth transition.”
Tess Oxenstierna, a Headwaters Managing Director focused on Aerospace, Defense and Government said, “Both SCC’s team and technology are a good strategic fit with MacB and will position the company for significant growth within the integrated circuit market over the coming years.”
About Secure Computing and Communications
SCC conducts research and development of innovative electronic components and methods, and provides technical services with a focus on critical U.S. military and National Security applications. In addition, SCC is a leader in the development of methods and technologies to build trust into integrated circuits and energy management systems.
About Luna Innovations Incorporated
Luna Innovations Incorporated develops and manufactures new-generation sensing and instrumentation products for the healthcare, telecommunications, energy and defense markets. The company’s products are used to measure, monitor, protect and improve critical processes in the markets it serves.