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Global Defense Technology & Systems, Inc. yesterday announced it has completed the acquisition of Zytel Corporation for $26.8 million.
Zytel, which will become GTEC Cyber Solutions, will deliver cybersecurity and mission systems in support of the critical intelligence, counterterrorism, and cyber-warfare missions of its national-security clients.
John Hillen, GTEC’s president and CEO, said this business combination fulfills an important aspect of GTEC’s strategy to grow its market presence by acquiring companies that either bring more depth to what the company does today, or to provide complementary solutions.
“We are pleased to expand GTEC’s capabilities in the critical cyber intelligence and cyber-warfare areas and we look forward to leveraging the full breadth of our experience and expertise to support the cybersecurity efforts of our national-security customers,” he said.
Zytel expects to generate approximately $20 million in revenue in 2010.
