Fairfax-based ManTech International Corporation (NASDAQ:MANT) finished its purchase of cyber security firm HBGary. The Sacramento, ca-based company produces software that targets malware and other computer threats. ManTech will absorb HBGary into a new business unit called Mission, Cyber, & Intelligence Solutions (MCIS) group. Ken Silva, Senior Vice President of Cyber Strategy will lead the unit.
"The combination of ManTech and HBGary will create a broader cyber security solution capability for both our commercial and government customers," stated L. William Varner, president and chief operating officer of ManTech's Mission, Cyber, and Intelligence Solutions group.
ManTech did not disclose financial terms of the transaction but noted that it was financed through a cash transaction and would have a material impact on its financial terms in 2012.