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GD Selling Fidelis Cybersecurity Unit To Private Equity Firm

By Cal Biesecker

Tuesday, April 14th, 2015

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Peter George, President and CEO of Fidelis Cybersecurity. Photo: Fidelis Cybersecurity.

A private equity firm, Marlin Equity Partners, on Tuesday said has agreed to acquire a commercially-focused cyber security business unit from General Dynamics [GD] that the defense contractor is shedding to focus on its core government customers.Terms of the deal, which is expected to close in the second quarter of 2015, were not disclosed.The pending sale of Fidelis Cybersecurity Solutions by GD mirrors a move early this year by Boeing [BA] to shed Narus, a commercial cyber security company it…

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