QinetiQ North America To Acquire Cyveillance

QinetiQ North America has signed an agreement to acquire Cyveillance Inc., a provider of technology that helps companies protect their operations in cyberspace.

Under the terms of the deal, QinetiQ North America will acquire 100 percent of Cyveillance in an all-cash transaction the details of which have not been publicly announced. There could be further fiscal consideration depending on the company's financial performance during the two-year period ending Dec. 31, 2010.

Cyveillance is a venture capital-backed company in Arlington, Va., that seeks to ensure the success of risk-management professionals in securing their enterprises against the growing number of Internet threats, QinetiQ officials said.

The company's family of cyber-intelligence solutions delivers the timely, reliable, relevant and actionable information required to manage Internet-based risks, they said.