Sale of Cyveillance business to LookingGlass Cyber Solutions
QinetiQ Group Plc announces today it has reached an agreement to sell Cyveillance, Inc. (“Cyveillance”). Cyveillance was previously a business unit in the US Services division (sold on 23 May 2014).
The business has been bought by LookingGlass Cyber Solutions, Inc. for a cash consideration of $35 million before transaction expenses. In the full year ending 31 March 2015 the Cyveillance business had revenue of $18m.
About QinetiQ Group plc
A FTSE250 company, QinetiQ uses its world class knowledge, research and innovation to provide high-end technical expertise and advice, to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments as well as other international customers in targeted sectors.
QinetiQ Group plc: David Bishop +44 (0) 7920 108675
Press Office +44 (0) 1252 393500
Citigate Dewe Rogerson (PR adviser) Chris Barrie +44 (0) 7968 727289
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