Press Release
Release Date:
May 6, 2009
QinetiQ acquires Cyveillance, Inc. to strengthen cyber security dominance with leading open source intelligence solutions
Combined services will offer comprehensive, superior intelligence solutions to both commercial and government customers
ARLINGTON, Va., May 6, 2009 -- Cyveillance today announced that it has signed an agreement to be acquired by QinetiQ North America, a provider of information technology and engineering solutions to the U.S. government. Under terms of the agreement, pending regulatory approval, Cyveillance will become a QinetiQ North America subsidiary. The company will continue to deliver Internet risk and threat intelligence to commercial organizations worldwide, while providing QinetiQ North America with the technology and expertise to enhance its innovative government-focused Cyber Security and Intelligence solutions.
Currently used by top global commercial organizations, Cyveillance’s proven OSI (Open Source Intelligence) technology and services are ideal complements to the QinetiQ portfolio of security offerings. With the addition of Cyveillance, QinetiQ North America adds to its already strong line-up of security solutions and positions itself to address the increased demands of federal Cyber security initiatives.
“This acquisition represents an excellent opportunity for Cyveillance, our customers and our partners,” said Panos Anastassiadis, Chairman, CEO and President of Cyveillance. “QinetiQ provides Cyveillance with access to new resources and infrastructure to support unprecedented expansion and an increased ability to deliver new, innovative solutions. The real winners in this deal will be our combined customer base, who will reap the merged benefits of these two world-class organizations.”
About QinetiQ North America
QinetiQ North America delivers world-class technology and responsive solutions to government agencies and commercial customers for many of their most urgent and complex challenges. QinetiQ North America is an independent, innovative technology provider that earns over a billion dollars in revenue operating with small company speed and agility while leveraging significant global resources. More than 6,400 QinetiQ North America engineers, scientists and other professionals have the mission knowledge and proven, reliable performance to meet the rapidly changing demands of national defense, homeland security and information assurance customers. QinetiQ North America is part of QinetiQ Group PLC, one of the world’s leading defense and security technology companies. For more information, please visit www.QinetiQ-NA.com.
About Cyveillance
Cyveillance, the world leader in cyber intelligence, provides an intelligence-led approach to security. Through continuous, comprehensive Internet monitoring and sophisticated intelligence analysis, Cyveillance proactively identifies and eliminates threats to information, infrastructure, individuals and their interactions, enabling its customers to preserve their reputation, revenues, and customer trust. Cyveillance serves the Global 2000 and OEM Data Partners – protecting the majority of the Fortune 50, regional financial institutions nationwide, and more than 30 million global consumers through its partnerships with security and service providers that include AOL and Microsoft. For more information, visit www.cyveillance.com.