Private Equity Firm Marlin to Buy General Dynamics’ Fidelis Cyber Business

cyberwarfareLos Angeles-based investment firm Marlin Equity Partners has agreed to purchase threat detection services business Fidelis Cybersecurity Solutions from General Dynamics (NYSE: GD) for an undisclosed sum.

Marlin said Tuesday it expects to close the deal in the second quarter of its 2015 fiscal year and aims to grow its presence in a breach defense and detection market that NSS Labs estimates could reach a value of $1.39 billion by 2018.

General Dynamics initially purchased Fidelis in the summer of 2012 for an undisclosed sum.

Fidelis will operate under the name Fidelis Cybersecurity upon the deal’s closure and Peter George, the current president of Fidelis, will become CEO of the company under Marlin ownership.

Fidelis works with government and commercial customers to prevent data and intellectual property theft and developed its Fidelis XPS platform to stop malware attacks.

The business also has teams that carry out research and response work for organizations in the financial services, healthcare, retail, technology, government and critical infrastructure sectors.

You may also be interested in...

John Mengucci President and CEO CACI International

CACI Gets $87M DHS Data Analysis Task Order; John Mengucci Quoted

The Department of Homeland Security has awarded CACI International (NYSE: CACI) a five-year $86.5M task order to help DHS' investigative unit analyze data in efforts to combat fraud, crime, risk and terrorism.

DISA

DISA Pushes Back Defense Enclave Services RFP Release

The Defense Information Services Agency has pushed back the planned release of the final solicitation for the Defense Enclave Services information technology contract from late September to mid-late first quarter of fiscal year 2021.