GTEC buys Zytel, bolstering cyber, intelligence capabilities
GTEC pays $26.8 millions in cash for Maryland-based Zytel; little is known about Zytel’s actual products — all the company’s work is classified and all employees are cleared at the Top Secret/Sensitive Compartmented Information level — but it develops cybersecurity and mission systems in support of the critical intelligence, counterterrorism, and cyber-warfare missions of its national-security clients
Global Defense Technology & Systems, Inc. (GTEC) has announced that it is acquiring Zytel Corporation for $26.8 million in cash. Maryland-based Zytel Corporation develops cybersecurity and mission systems in support of the critical intelligence, counterterrorism, and cyber-warfare missions of its national-security clients. All the company’s work is classified and all employees are cleared at the Top Secret/Sensitive Compartmented Information level.
The company has strong operating margins and expects to generate approximately $20 million in revenue in 2010 with continued rapid growth in 2011. The company’s operations are based in the Ft. Meade, Maryland area.
John Hillen, GTEC’s president and CEO, said:
Zytel has an exceptional track record in delivering mission-focused cyber solutions to its Intelligence Community clients. By combining our core and complementary capabilities, both GTEC and Zytel can bolster the range of systems, solutions, and differentiated technologies we can provide to national security customers in support of their critical front line missions. Zytel’s core capabilities in cybersecurity, mission systems architecture, high-performance computing and intelligence analysis are critical tools in support of our nation’s defense and add a further edge to GTEC’s portfolio of services. We look forward to expanding our offerings as a combined enterprise.”
