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QinetiQ to Sell Boldon James for GBP 30m
Monday 29 June 2020

UK-based science and engineering company QinetiQ Group plc has agreed to sell data classification provider Boldon James Ltd. to HelpSystems International Ltd. for a consideration of GBP 30m, the company said.

Boldon James was acquired by QinetiQ in 2007 and has been reported within Global Products.

The decision to divest Boldon James was a strategic choice to allow increased focus on our core capabilities to deliver mission-led innovation; the cyber and information domain remains a strategic growth area for QinetiQ where we see good opportunities.

Results International acted as exclusive financial advisor to QinetiQ.

QinetiQ is a science and engineering company operating primarily in the defence, security and critical infrastructure markets.

Boldon James provides data classification and secure email messaging solutions, and in the year ended 31 March 2020 generated revenue of GBP 9.1m (USD 11.2m).
Date Published: 29/06/2020