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Business/Financial

ManTech Divests Small Commercial Cyber Products Business, Takes Stake In Acquiring Firm

By Cal Biesecker

Wednesday, July 15th, 2015

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ManTech Divests Small Commercial Cyber Products Business, Takes Stake In Acquiring Firm

ManTech International [MANT] on Wednesday said it has sold its commercial cyber security product business to CounterTack, which provides endpoint detection and response (EDR) capabilities, but is keeping a foothold in the business by taking a minority share in CounterTack.Terms of the deal were not disclosed, but the ManTech Cyber Solutions International (MCSI) products business that ManTech divested only had about $5 million in annual sales and 40 employees.For ManTech, the divestiture allows it to focus on its core strength…

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