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  • Thursday, April 25, 2024

Done Deal: Zytel Becomes GTEC Cyber Solutions; John Hillen Comments

Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has completed the acquisition of Zytel Corporation (Zytel) for $26.8 million.

Zytel will be rebranded GTEC Cyber Solutions and will focus on cybersecurity and mission systems in support of intelligence, counterterrorism, and cyber-warfare missions.

“This business combination fulfills a key element of our strategy to grow GTEC’s market presence by acquiring companies that either bring more depth to what we do today or provide complementary solutions, ” said CEO John Hillen. “We are pleased to expand GTEC’s capabilities in the critical cyber intelligence and cyber-warfare areas and we look forward to leveraging the full breadth of our experience and expertise to support the cybersecurity efforts of our national-security customers.”

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