Acquisition

QinetiQ Group plc 24 October 2007 QinetiQ Group plc 24 October 2007 QinetiQ announces UK security acquisition QinetiQ Group plc announces today that it has completed the acquisition of Boldon James Holdings Limited ('Boldon James') from ISIS Equity Partners, the management team and other staff who hold shares following the exercise of options. The acquisition represents the continuing execution of QinetiQ's strategy to grow its Europe, Middle East and Australasia (EMEA) capabilities. It has been settled for an initial cash consideration of around £15.7m, with a further payment of around £4.3m depending on the achievement of specific performance criteria. Boldon James is a UK-based provider of software solutions for high end secure messaging, primarily for military, government and security customers worldwide. In December 2006 the company was named Microsoft's worldwide 'Go to market partner' for messaging in defence and homeland security. Its core products compliment Microsoft Windows, UNIX and Fujitsu VME messaging platforms. The acquisition will enhance QinetiQ's portfolio of security based software products, providing additional routes to market in the USA, Europe and the Asia Pacific regions and broadening its customer base. Bolden James' principal customers are international systems integrators, such as EDS, EADS, IBM, Fujitsu and Steria, through which they provide their products. Other customers or end users include the UK's Ministry of Defence, the German Bundeswehr and the US Department of Defense, and numerous other government departments worldwide. Boldon James employs around 70 people, with offices in Crewe and Maidenhead - ends - For further information please contact: QinetiQ Media Relations: Nicky Louth-Davies +44 (0)7795 290593 QinetiQ Investor Relations: Adrian Colman +44 (0)7740 432699 Nicky Louth-Davies Head of Media & Corporate Affairs QinetiQ t: 01252 392809 m: 07795 290593 www.QinetiQ.com This information is provided by RNS The company news service from the London Stock Exchange
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