FALLS CHURCH, Va., Aug. 21 (UPI) -- U.S. cybersecurity company Fidelis Security Systems is set to become part of General Dynamics Advanced Information Systems business.
General Dynamics said its board of directors approved the acquisition of Fidelis and the deal is expected to close before the fourth quarter of this year. Financial terms of the cash transaction weren't disclosed.
"The acquisition of Fidelis Security Systems allows General Dynamics to continue to deliver relevant and innovative cybersecurity solutions that help customers maintain the edge to successfully address and respond to dynamic cyber-threats," said Lou Von Thaer, president of General Dynamics Advanced Information Systems.
Fidelis Security Systems has offices in Maryland and Massachusetts. Its network security solutions help stop advanced threats and prevent data breaches by exposing malicious content in network layers in real-time.
"Being prepared and having the right intelligence and technologies is critical for organizations to mitigate and respond to cyber threats in real time," said Peter George, president and chief executive officer for Fidelis Security Systems.
"The combination of Fidelis Security Systems' products and General Dynamics' cyber services and incident response capabilities will strengthen our customers' ability to achieve situational awareness to protect and defend their networks."
|Additional Security Industry Stories|
WASHINGTON, May 23 (UPI) --U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.