GD Completes Acquisition of Fidelis Security Systems
General Dynamics (NYSE: GD) has completed its previously announced purchase of Fidelis Security Systems, Inc., a market leader in cyber security tools that provide real-time network visibility, analysis and control. It will become part of General Dynamics Advanced Information Systems, a business unit of General Dynamics. The value of the cash transaction has not been disclosed.
Fidelis Security Systems' network security solutions help customers stop advanced threats and prevent data breaches by providing visibility into the complex layers of a network, exposing malicious content in real-time. These products complement General Dynamics' cyber operations and incident response services, allowing customers to detect, defend and react to cyber threats and network breaches.
Critical Infrastructure Protection (CIP) Market Forecast 2014-2024
"I'm pleased to have completed our acquisition of Fidelis Security Systems," said Lou Von Thaer, president of General Dynamics Advanced Information Systems. "Our enhanced portfolio of products, cyber services and incident response capabilities creates a unique offering in the marketplace. We are now better positioned to help our enterprise and government customers combat advanced threats and protect their networks through real-time situational awareness."
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Source : General Dynamics Corporation (NYSE: GD)