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QinetiQ To Bolster Cyber Security Capability With U.S. Acquisition

By Calvin Biesecker Britain's QinetiQ yesterday said it has agreed to acquire Cyveillance, Inc., a Northern Virginia-based firm with software products that help commercial firms ward off cyber attacks, to boost its capabilities in the cyber security area and tap into another growing area of the security market in the United States. QinetiQ said it will pay $40 million upfront for Cyveillance and potentially up to $40 million more depending on the company's financial performance for the two-year period ending…

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