Defence tech firm QinetiQ makes £25m acquisition

Posted on July 15, 2020 by Alistair Hardaker

QinetiQ

QinetiQ

Defence technology company QinetiQ has acquired  Naimuri on a cash-free, debt-free basis for £25m.

Acquired firm Naimuri is a software development and data analytics company, providing cloud-based services and technology to the UK Intelligence and Law Enforcement communities.

Hampshire-based QinetiQ has partnered with Naimuri on several programmes delivering mission-led innovation around data-intensive challenges.

IT said it will continue to invest in Naimuri’s capabilities in data analytics, data intelligence and agile software development.

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

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

QinetiQ made the announcement as part of its first quarter update, in which it also revealed a contract with the UK MOD, worth up to £30m.

The Open Source Intelligence capability is designed to allow Armed Forces to use publicly available information and social media content to improve understanding of global events, emerging threats and to support operational decision-making.

Events

View All

Podcasts

View All

Insights

View All