QinetiQ North America Completes Acquisition of Cyber Firm Cyveillance, Inc.

Mon Jul 6, 2009 8:00am EDT
 
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Cyveillance strengthens QinetiQ North America's cyber posture

MCLEAN, Va., July 6 /PRNewswire/ -- QinetiQ North America, a provider of
information technology and engineering solutions to the U.S. government,
effective July 1st has acquired Cyveillance, a leading provider of cyber
intelligence products to commercial clients. Under the terms of the deal,
Cyveillance will now operate as a wholly-owned subsidiary of QinetiQ North
America. 

"We selected Cyveillance because their open source cyber solutions perfectly
complements  our existing portfolio of security services and solutions," said
Duane Andrews, CEO of QinetiQ North America. "QinetiQ North America is now
uniquely positioned to provide government customers with cyber capabilities
previously only available within the commercial markets."

Cyveillance will continue to deliver Internet risk and threat information to
commercial organizations worldwide, while providing QinetiQ North America with
the technology and expertise to enhance its innovative government-focused
cyber security solutions. The acquisition represents QinetiQ North America's
continuing strategy to grow its business and support its focus on key
government markets, specifically in the emerging and growing cyber security
space.

"This acquisition strengthens our position in the market and will further
enhance the service, dedication and innovative solutions our customers and
partners have grown accustomed to from Cyveillance," said Panos Anastassiadis,
CEO and President of Cyveillance. "We look forward to complementing QinetiQ
North America's existing government security solutions and bridging the gap
between commercial best practices and the increased demands of federal Cyber
Security initiatives." 

Currently used by top global commercial organizations, Cyveillance's proven
OSI (Open Source Intelligence) technology and services are an ideal addition
to the QinetiQ North America's portfolio of cyber offerings. For more than a
decade, Cyveillance has led the industry as an innovative developer of
security solutions. Through its proprietary technology platform and support
from expert analysts, Cyveillance enables proactive threat detection to ensure
early and effective prevention and mitigation.

About Cyveillance
Cyveillance, a world leader in cyber intelligence, provides an
intelligence-led approach to security. Through continuous, comprehensive
Internet monitoring and sophisticated intelligence analysis, Cyveillance
proactively identifies and eliminates threats to information, infrastructure,
individuals and their interactions, enabling its customers to preserve their
reputation, revenues, and customer trust. Cyveillance serves the Global 2000
and OEM Data Partners -- protecting the majority of the Fortune 50, regional
financial institutions nationwide, and more than 30 million global consumers
through its partnerships with security and service providers that include AOL
and Microsoft. Cyveillance is a wholly owned subsidiary of QinetiQ North
America. For more information, please visit www.cyveillance.com.  

About QinetiQ North America 
QinetiQ North America delivers world-class technology and responsive solutions
to government agencies and commercial customers for many of their most urgent
and complex challenges. QinetiQ North America is an independent, innovative
technology provider that earns over a billion dollars in revenue operating
with small company speed and agility while leveraging significant global
resources. More than 6,400 QinetiQ North America engineers, scientists and
other professionals have the mission knowledge and proven, reliable
performance to meet the rapidly changing demands of national defense, homeland
security and information assurance customers. QinetiQ North America is part of
QinetiQ Group PLC, one of the world's leading defense and security technology
companies. For more information, please visit www.QinetiQ-NA.com

SOURCE  QinetiQ North America

John Petrik, QinetiQ North America, Mission Solutions Group, +1-703-852-2995,
John.Petrik@QinetiQ-NA.com; or Michael Rudd, Boscobel Marketing Communications
for QinetiQ North America, +1-301-588-2900, mrudd@boscobel.com

 

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