Home / M&A Activity / Private Equity Firm Marlin to Buy General Dynamics’ Fidelis Cyber Business

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.

Check Also

DARPA Taps Northrop, Raytheon, Collins Aerospace to Develop Counter-A2/AD Platforms

Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and Collins Aerospace has landed contracts from the Defense Advanced Research Projects Agency to develop technology platforms for countering anti-access/area denial threats. DARPA selected the three companies to participate in the first and second phases of the System-of -Systems Enhanced Small Unit program, according to a notice posted Tuesday on the beta SAM website.

Liberty IT Wins $380M Task Order to Develop VA API Platform

Liberty IT Solutions has secured a $380M task order to help the Department of Veterans Affairs develop and manage an application programming interface platform.