Subscribe Now FREE

QinetiQ sells Boldon James to HelpSystems

Posted 30 June 2020 · Add Comment

QinetiQ has reached an agreement to sell Boldon James Limited to HelpSystems International Limited for £30 million.

Image courtesy QinetiQ

Boldon James provides data classification and secure email messaging solutions and in the year ended 31 March 2020 generated revenue of £9.1 million.

Boldon James was acquired by QinetiQ in 2007 and has been reported within Global Products. The decision to divest Boldon James was a strategic choice to allow increased focus on our core capabilities to deliver mission-led innovation; the cyber and information domain remains a strategic growth area for QinetiQ where we see good opportunities.

Steve Wadey, QinetiQ CEO, said: "Our vision-based strategy to drive growth through mission-led innovation means that we continually review our portfolio of businesses for their contribution to growth within the Group. We are therefore delighted to have announced the sale of Boldon James to HelpSystems, who can provide greater synergies and relevant market access to enable their future growth."

Results International acted as exclusive financial advisor to QinetiQ.

* required field

Post a comment

Airbus reveals new zero-emission concept aircraft

Airbus has revealed three concepts for the world’s first zero-emission commercial aircraft, all running on hydrogen, which could enter service by 2035.

Rolls-Royce tests tech set to power world's fastest all-electric plane

Rolls-Royce has completed testing of the ground-breaking technology that will power the world’s fastest all-electric plane.

Blighter launch A800 3D drone detection radar

Blighter Surveillance Systems has launched the latest in its radars range, the A800 3D drone detection radar for land, air and sea surveillance.

RVL introduces King Air quick change capability

Specialist aviation services provider RVL Group, based at the expanding East Midlands Airport cargo hub, has introduced its 'quick-change cargo system' capability on a new Beechcraft King Air B200 aircraft, which it received in May.

Willis Towers Watson adds to its aviation team

Global advisory, broking and solutions company, Willis Towers Watson, has made significant appointments across its global aviation team to provide class-leading renewals for clients.

Vertical Aerospace secures Ł2.3m ATI Funding

Bristol based Vertical Aerospace has received investment from the Aerospace Technology Institute (ATI), to fund the development of a smart charger for their VA-1X electric aircraft.

See us at

Google+

The views expressed are not necessarily those of ADS or its members. No responsibility or liability is accepted by ADS, the editorial team or the publisher for any loss occasioned to any person, legal or physical, acting or refraining from action as a result of any statement, fact, figure, expression of opinion or belief contained within this site.