Global Defense Technology & Systems, Inc. has entered into a definitive agreement to acquire Zytel Corporation for $26.8 million.
Zytel provides cybersecurity and mission systems in support of the critical intelligence, counterterrorism, and cyber-warfare missions of its national security clients. The company’s work is all classified and its employees are cleared at the Top Secret/Sensitive Compartmented Information level.
Based in the Fort Meade, Md., area, Zytel expects to generate approximately $20 million in revenue in 2010 with continued rapid growth in 2011.
“Zytel has an exceptional track record in delivering mission-focused cyber solutions to its Intelligence Community clients,” said John Hillen, GTEC‘s president and CEO. “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.”
Greg Hofstrand, Zytel‘s senior vice president, added:
“Our unique capabilities and penetration of a coveted Intelligence Community customer, provides a great complement to GTEC‘s counterterrorism expertise and intelligence customer footprint. GTEC provides additional professional development opportunities to Zytel employees and offers our customers a broader set of solutions. Equally important, GTEC shares our passion for the national security mission and provides us a business infrastructure to take advantage of larger and more complex opportunities to continue our impressive growth track record.”
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