-
QinetiQ named as supplier on new £1.2bn Digital and IT Professional Services (DIPS) framework for UK’s Ministry of Defence
05 Mar 2024
-
QinetiQ releases PrimAITE software to support evolution of cyber defence agents
23 Feb 2024
-
Aurora Engineering Partnership awarded £13m contract by Defence Equipment and Support to provide specialist maritime combat systems
12 Feb 2024
-
National Apprenticeship Week 2024
05 Feb 2024
-
Aurora Engineering Partnership awarded new £12m contract by DE&S to support front-line naval operations
05 Feb 2024
Disposal of Boldon James to HelpSystems
25/06/2020
Boldon James provides data classification and secure email messaging solutions, and in the year ended 31 March 2020 generated revenue of £9.1m. test.
Boldon James was acquired by QinetiQ in 2007 and has been reported within Global Products. The decision to divest Boldon James was a strategic choice to allow increased focus on our core capabilities to deliver mission-led innovation; the cyber and information domain remains a strategic growth area for QinetiQ where we see good opportunities.
Steve Wadey, QinetiQ CEO, said:
"Our vision-based strategy to drive growth through mission-led innovation means that we continually review our portfolio of businesses for their contribution to growth within the Group. We are therefore delighted to have announced the sale of Boldon James to HelpSystems, who can provide greater synergies and relevant market access to enable their future growth."
Results International acted as exclusive financial advisor to QinetiQ.
For further information please contact:
Chris Barrie, Citigate Dewe Rogerson (Media enquiries): | +44 (0)7968 727289 |