Last checked at 11 Dec 2015 18:00
QinetiQ Group plc
Sale of Cyveillance business to LookingGlass Cyber Solutions
11 December 2015: QinetiQ Group Plc announces today it has reached an agreement to sell Cyveillance, Inc. ("Cyveillance"). Cyveillance was previously a business unit in the US Services division (sold on 23 May 2014).The business has been bought by LookingGlass Cyber Solutions, Inc. for a cash consideration of $35 million before transaction expenses. In the full year ending 31 March 2015 the Cyveillance business had revenue of $18m.
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About QinetiQ Group plc
A FTSE250 company, QinetiQ uses its world class knowledge, research and innovation to provide high-end technical expertise and advice, to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments as well as other international customers in targeted sectors.For more information visit www.qinetiq.com
ENDS
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