Raytheon To Bolster Cyber Security Solutions With Latest Acquisition
12:00 AM, October 23, 2012
Raytheon announced today that it has acquired Teligy, Inc., a technology development company, further extending Raytheon's cybersecurity offerings in wireless communications, vulnerability analysis, reverse engineering and custom kernel software/device driver development. These critical focus areas represent top priorities of intelligence, defense and commercial organizations worldwide. Terms of the transaction were not disclosed. The transaction will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2012 or fiscal year 2013. "The Teligy acquisition adds critical wireless capabilities that address the needs of our cybersecurity customers in the intelligence, DoD and federal communities," said Lynn Dugle, president of Raytheon's Intelligence and Information Systems business. "Teligy is comprised of highly skilled and proven performers with strong customer focus, and we are excited to welcome them as members of our team". Founded in 2002, Teligy, Inc., is headquartered in Greer, S.C. Co-founders Vic Gunter, vice president of Engineering, and Jason Yates, vice president of Development, will remain with the company.
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