After acquiring primarily IT services and outsourcing shops in the past decade, ManTech International recently reached for cyber-security specialist HBGary’s assets – its first security software acquisition of 2012 and most recent purchase since its October 2011 Worldwide Information Network Systems buy. The transaction is notable as it is yet another acquisition in the growing line of cyber-security plays that includes deals announced by BEA Systems, Boeing and Raytheon, among others.

This report was written by both 451 Research’s Financial Markets Research Associate Ben Kolada and Andrew Hay.

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