| | Detica Group has agreed
to acquire Washington
DC-based DFI
International Inc for a
combination of cash and
shares totalling
US$39.5m (£20.2m), on a
debt-free basis, to
expand its presence in
the US national security
market.
Detica's US headcount
will stand at over 270
on completion, including
the US-based staff that
joined the Detica Group
as part of the
acquisition of
m.a.partners in 2006.
Detica chief
executive Dr Tom Black
commented: "As part of
our stated strategy of
expanding in the United
States, we have been
seeking the right
partner to enable us to
accelerate our growth. | |
| |
| | US national security
market, providing
services in research and
analysis, open-source
intelligence, and
knowledge management.
Its clients include
the US Department of
Homeland Security,
several US intelligence
agencies, the Department
of State, and the US
Department of Defense,
including the Joint
Staff, Office of the
Secretary of Defense,
and the US Air Force and
US Army.
DFI has 208
employees, many of whom
have had direct
professional experience
with organisations such
as the US military, the
US intelligence
community and the US
State Department. The
DFI management team is | |
|
| | led by General Dennis J
Reimer (Ret.), formerly
Chief of Staff of the
United States Army. All
the members of the
senior management team
of DFI's government
practice will remain
with the business,
including the company's
founder and majority
shareholder, Dr Barry
Blechman, who will serve
as a consultant to
Detica Inc and as a
member of its Board for
six months after
completion.
Detica DFI will
combine Detica's
existing US security
business with DFI and
serve as a core
component in the
company's growing US
operations, which
include offices in
Washington DC, Columbia, | |
|
| | Md., New York, and
Chicago.
The deal is pending
certain regulatory
approvals, including the
Committee for Foreign
Investment in the US
(CFIUS), but is expected
to close in March 2007.
DFI Corporate
Practice, a small
subsidiary providing
strategic consultancy
services to aerospace
and technology
companies, was sold to
its management team in
January 2007, as its
activities are not
consistent with Detica's
strategy, and it will
operate independently as
The Avascent Group.
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