in Defence / Security

QinetiQ acquires Naimuri for £25m

Posted 14 July 2020 · Add Comment

QinetiQ today announced the acquisition of software development and data analytics company, Naimuri, on a cash-free, debt-free basis, for £25 million.



Image by Titima Ongkantong / copyright Shutterstock

Naimuri provides agile cloud-based services and technology to the UK Intelligence and Law Enforcement communities.

QinetiQ partners with Naimuri on several critical programmes delivering mission-led innovation around data-intensive challenges.

QinetiQ says it will invest and build upon Naimuri’s strong capabilities in data analytics, data intelligence and agile software development to meet customer needs and drive growth in both the security and defence sectors.

In the 12 months to 31 July 2020, Naimuri is expecting to deliver in excess of £9 million revenue and £2 million EBITDA.

Naimuri employs c.70 people with its headquarters and main facility in Manchester.

 

 

 

Other Stories
Advertisement
Latest News

NanoAvionics reveals three remaining HyperActive payloads

Nanosatellite bus manufacturer and mission integrator, NanoAvionics, has revealed the remaining three payloads of its D-2/AtlaCom-1 rideshare mission hosted on board its M6P 6U nanosatellite bus, which are part of the

Nasmyth Group signs precision engineering contract with Incora

Nasmyth Group has signed a multi-million pound contract with Incora to manufacture precision engineered components for multiple platforms including new and aftermarket OE (Original Engine) Build and support to Legacy Engines.

Airfield Development Advisory Fund goes live

From today, UK airfields and associated businesses are able to apply for access to Government funded professional and business advice on a range of topics, aimed at supporting future airfield development, thanks to the new Airfield

Seraph Aviation appoints Gerry Power as Head of Commercial Origination - Aviation Services

Specialised aviation asset manager, Seraph Aviation Group, has announced the appointment of Gerry Power to the position of Head of Commercial Origination - Aviation Services.

QinetiQ advances UK to vanguard of maritime mission systems

The National Maritime Systems Centre (NMSC) based at Portsdown Technology Park (PTP), has been transferred from VolkerFitzpatrick, who managed the construction, to QinetiQ.

Spirit AeroSystems completes acquisition of Bombardier Aerostructures

Spirit AeroSystems Holdings, Inc. (Spirit AeroSystems) announced today it has completed, through its wholly-owned subsidiaries Spirit AeroSystems, Inc. (Spirit) and Spirit AeroSystems Global Holdings Limited (Spirit UK), its

ODU 0201311219
See us at
RAF Museum BTSecurity & Policing 2021 BT3CDSE BT0210030221