McLean, Va. -- Making a major bid to bolster its cyber security offerings, McLean-based QinetiQ North America, a McLean-based provider of defense and security technology to the federal government, said on Wednesday that it will acquire Arlington-based Cyveillance, a provider of online monitoring services designed to help companies guard against Internet threats. Financial terms of the all-cash deal, expected to close in June, were not disclosed. QinetiQ said that the acquisition will help it to expand in the multibillion-dollar cyber security marketplace. The company said that it plans to begin offering the newly acquired services to its government clients. "We believe Cyveillance is well positioned to benefit from the increased importance that the administration is placing on addressing cyber security as the risk of new and increasingly sophisticated online threats increases," said Duane Andrews, the CEO of QinetiQ North America. Cyveillance, which provides its multi-year subscription services to a range of large corporate clients, will become a subsidiary of QinetiQ North America.

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http://www.QinetiQ-NA.com
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