21st Jan 2008 15:00
QinetiQ Group plc21 January 2008 QinetiQ Group plc 21 January 2008 Acquisition of Pinnacle CSI QinetiQ Group plc announces today that QinetiQ North America's Mission SolutionsGroup has completed the acquisition of the assets of Pinnacle CSI ("Pinnacle")from MJCM LLC for cash consideration of up to $6.0m. Pinnacle is a specialist business that provides services to enhance the protection of criticalinteragency networks within the Intelligence Community. Based in Herndon, Virginia, Pinnacle specialises in the design, development andimplementation of systems, services and processes to improve customer businesspractices and enhance the protection of critical networks. Pinnacle solutions include computer and network security, information security and secure messagingsystems engineering. The acquisition extends QinetiQ's customer base in theintelligence community in North America. Pinnacle employs 47 people and had revenues of $7.2m for the 12 months ended31 December 2006. For further information please contact: Adrian Colman, Investor Relations +44 (0) 1252 395366David Bishop, Media Relations +44 (0) 1252 394573 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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