Los Angeles-based Marlin Equity Partners announced April 14 that the company has signed a definitive agreement to acquire Fidelis Cybersecurity Solutions from General Dynamics.
The transaction is subject to customary closing conditions and is expected to close in Q2 2015. Current General Dynamics Fidelis Cybersecurity Solutions President Peter George will then become CEO of the new independent company, Fidelis Cybersecurity.
“Marlin is very excited to partner with Fidelis’ world class management team to expand and grow the company’s industry-leading solutions,” Marlin Principal Peter Chung said. “As global cybersecurity threats continue to become more prevalent, Fidelis’ technology is uniquely positioned to help customers defend themselves against advanced malware attacks and internal and external data theft.”
“Fidelis’ reputation for innovation and unparalleled customer service has resulted in significant growth, and Marlin is thrilled to take part in the next stage of the company’s evolution,” Marlin Partner Nick Kaiser said. “We are confident our expertise with high-growth technology investments and our financial and operational resources will help accelerate Fidelis’ product development and global sales and marketing capabilities.”
Related: Dan Johnson Named Executive VP of General Dynamics Information Technology, Heebner to Retire in December