ManTech divests commercial software division; obtains minority ownership stake in CounterTack
ManTech International Corporation of Fairfax, VA announced July 15 that it has completed the divestiture of ManTech Cyber Solutions International (MCSI), its commercial software division, to CounterTack. The addition of MCSI’s products and intellectual property enhances CounterTack’s leadership position in the Endpoint Detection and Response market by combining real-time operating system-level behavioral threat detection with in-memory threat analysis. ManTech will become an equity investor in CounterTack, as well as a global distribution partner. As part of the transaction, L. William Varner, president, ManTech Mission, Cyber and Intelligence Solutions Group, will join CounterTack’s Board of Directors as a Board Observer.
“ManTech is a leader in the growing cyber services market,” said ManTech Chairman and Chief Executive Officer George Pedersen. “Investing in CounterTack offers ManTech potential upside in high demand cyber products, specifically next-generation endpoint security, and enables us to focus on our core strength in cyber services. With the recent addition of Knowledge Consulting Group, ManTech has an unparalleled set of people and capabilities ready to secure the data and networks of government and commercial customers.”
“We’re thrilled to have MCSI and its innovative products as part of CounterTack to deliver cutting edge EDR technology to our combined customer base and to the market,” said Neal Creighton, president and CEO, CounterTack. “The powerful combination of real-time operating system surveillance with in-memory threat analysis capabilities positions CounterTack as a clear market leader, and we look forward to driving more value for our customers with new products and services.”
Source: ManTech International Corporation