M&A Deal Summary

QinetiQ Acquires Cyveillance

On July 1, 2009, QinetiQ acquired internet software and services company Cyveillance from ABS Capital Partners for 40M USD

Acquisition Highlights
  • This is QinetiQ’s 1st transaction in the Internet Software and Services sector.
  • This is QinetiQ’s 7th largest (disclosed) transaction.
  • This is QinetiQ’s 7th transaction in the United States.
  • This is QinetiQ’s 4th transaction in Virginia.
Investment Fate
  • Cyveillance was divested to a consortium of strategic buyers in 2015.

M&A Deal Summary

Date 2009-07-01
Target Cyveillance
Sector Internet Software and Services
Buyer(s) QinetiQ
Sellers(s) ABS Capital Partners
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Cyveillance

Reston, Virginia, United States
Cyveillance, Inc. is a provider of online risk monitoring and management solutions, providing an intelligence-based approach to security.

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Buyer(S) 1

Buyer

QinetiQ

Farnborough, United Kingdom

Category Company
Founded 2001
Sector Life Science
Employees8,403
Revenue 1.9B GBP (2025)
DESCRIPTION

QinetiQ is a science and technology organization that deploys our scientific and technological knowledge, proven research capabilities and unique, purpose-built facilities to provide both services and products that meet the needs of a wide range of global customers. We operate primarily in the defence, security and critical national infrastructure markets. QinetiQ was founded in 2001 and is based in Farnborough, England.


DEAL STATS #
Overall 12 of 16
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 14
State: Virginia M&A 4 of 5
Country: United States M&A 7 of 9
Year: 2009 M&A 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-14 QinetiQ Group - Underwater Systems Business

Dorset, United Kingdom

QinetiQ Group - Underwater Systems Business operates in the areas of hydro-acoustics, sonar, open architecture sonar and combat management systems, acoustic counter measures, submarine signatures, maritime security and control of unmanned maritime vehicles. The business is a provider to the UK Ministry of Defence and other defence departments and corporate customers internationally.

Sell £24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-11 QinetiQ Security and Intelligence Solutions Unit

Fairfax, Virginia, United States

QinetiQ Security and Intelligence Solutions Unit provides integrated security solutions to the Department of Defense and the intelligence community.

Sell $60M

Seller(S) 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 38 of 72
Sector: Internet Software and Services M&A 2 of 7
Type: Add-on Acquisition M&A Deals 14 of 35
State: Virginia M&A 4 of 5
Country: United States M&A 38 of 71
Year: 2009 M&A 3 of 3
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-09 Tarpon Towers

Bradenton, Florida, United States

Tarpon Towers LLC is a wireless communications tower company focused on the acquisition and development of telephony based towers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-13 Teachscape

San Francisco, California, United States

Teachscape, Inc. is a technology-enabled instructional effectiveness company that provides research-based, data-driven and outcomes-oriented professional learning for educators throughout a school system. As a strong proponent of the National Staff Development Council’s standards, Teachscape’s mission is to improve the quality of teaching and instructional leadership through data systems, professional learning and services that support effective practice. Teachscape has partnered with respected institutions including Stanford University, McREL, the Concord Consortium, the University of Texas and others to shape its approach to professional learning.

Buy -