"We selected Cyveillance because their open source cyber solutions perfectly complements our existing portfolio of security services and solutions," said Duane Andrews, CEO of QinetiQ North America. "QinetiQ North America is now uniquely positioned to provide government customers with cyber capabilities previously only available within the commercial markets."
Cyveillance will continue to deliver Internet risk and threat information to commercial organizations worldwide, while providing QinetiQ North America with the technology and expertise to enhance its innovative government-focused cyber security solutions. The acquisition represents QinetiQ North America's continuing strategy to grow its business and support its focus on key government markets, specifically in the emerging and growing cyber security space.
"This acquisition strengthens our position in the market and will further enhance the service, dedication and innovative solutions our customers and partners have grown accustomed to from Cyveillance," said Panos Anastassiadis, CEO and President of Cyveillance. "We look forward to complementing QinetiQ North America's existing government security solutions and bridging the gap between commercial best practices and the increased demands of federal Cyber Security initiatives."
Currently used by top global commercial organizations, Cyveillance's proven OSI (Open Source Intelligence) technology and services are an ideal addition to the QinetiQ North America's portfolio of cyber offerings. For more than a decade, Cyveillance has led the industry as an innovative developer of security solutions. Through its proprietary technology platform and support from expert analysts, Cyveillance enables proactive threat detection to ensure early and effective prevention and mitigation.
About Cyveillance Cyveillance, a 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. Cyveillance is a wholly owned subsidiary of QinetiQ North America. For more information, please visit www.cyveillance.com. 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