ManTech deal expands cybersecurity chops
ManTech plans to acquire cybersecurity-solutions provider HBGary.
In a move to expand its cybersecurity capabilities, ManTech International Corp. plans to acquire software solution provider HBGary Inc., according to a Feb. 27 company news release.
Financial terms of the deal, which is scheduled to be completed in March, were not disclosed. The sale is being structured as an asset purchase.
“We’re taking steps to expand in new growth markets, just as we have always done,” said ManTech Chairman and CEO George Pedersen, in the statement. “ManTech has a history of taking the skills we have gained in our core business and applying it to new customers and new missions,” he added.
HBGary, based in Sacramento, Calif., offers products used to detect and diagnose advanced persistent threats and target malware. ManTech provides technologies for “mission-critical” national security programs.
Ken Silva will direct the new business unit.
ManTech International, of Fairfax, Va., ranks No. 22 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.