Defence giant Qinetiq North America is to acquire Arlington, Virginia-based Cyveillance, a provider of online monitoring technology that identifies and tracks data in cyberspace, for $40m (£26.5m).
There will be potential further consideration of up to a maximum of $40m depending on the company’s financial performance during a two-year period ending on 31 December 2010.
Cyveillance is a venture-capital backed company with 75 employees that has been backed by venture-capital fund partners including Lazard Technology Partners, ABS Capital Partners, New Enterprise Associates and Black Rock.
The company develops and operates online monitoring technology for a range of commercial customers on multi-year subscription fee contracts.
In the year to 31 December 2008, Cyveillance generated revenues of $10.4m and recognised an operating loss of $1.6m. Gross assets of the company were $5.3m.
Under terms of the agreement, pending regulatory approval, Cyveillance will become a Qinetiq North America subsidiary. The acquisition is expected to close in June 2009.
Nanogenerator consumes CO2 to generate electricity
Nice to see my my views being backed up by no less a figure than Sabine Hossenfelder https://youtu.be/QoJzs4fA4fo