ManTech to buy HBGary Inc.
- February 28, 2012
ManTech international Corp. has signed a definitive agreement to acquire HBGary Inc., a Sacramento, Calif.-based firm that provides software products used in cyber security.
The acquisition is expected to be completed in March. Terms were not disclosed.
HBGary’s products detect and diagnose Advanced Persistent Threats (APT) and targeted malware. The company has customers in the financial services, energy, critical infrastructure and technology sectors.
“This acquisition enhances our capabilities in the growing cyber security market,” L. William Varner, president and COO of ManTech’s Mission, Cyber and Technology Solutions group, said in a statement.
ManTech said in its recent financial filing that it plans continued growth through strategic acquisitions.