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Homeland Security

QinetiQ to Acquire U.S. Cyber Security Firm Cyveillance

DDN

Wednesday, May 13th, 2009

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Britain's QinetiQ has agreed to acquire Virginia-based Cyveillance, Inc., which develops and sells software products that help commercial firms monitor for cyber threats over the Internet, to boost its capabilities in the cyber security area and tap into another growing areas of the security market in the U.S. QinetiQ will pay $40 million initially for Cyveillance and up to $40 million more depending on the firm's financial performance for the two-year period ending in Dec. 2010. The deal is expected…

Army

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