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

Leidos Awarded $73M Navy IDIQ to Develop Acoustic Surveillance Tech

Leidos (NYSE: LDOS) has been awarded a three-year, $72.8M contract to help the U.S. Navy build a wide area surveillance technology to support antisubmarine warfare missions. The company will develop the Transformational Reliable Acoustic Path System for the Navy's Maritime Surveillance Systems Program Office, the Department of Defense said Friday.

Oshkosh Gets Green Light for Army JLTV Full-Rate Production

Oshkosh (NYSE: OSK) obtained approval Thursday to begin the full-rate production of Joint Light Tactical Vehicles, nearly four years after the company won a $6.7B contract to build the new armored vehicle platform for the U.S. Army and Marine Corps.