Qualys (Nasdaq: QLYS) has signed a letter of intent to buy Arlington, Va.-based advisory services provider Second Front Systems for an undisclosed sum as part of efforts to expand its footprint in the federal government, military and national security markets.
Qualys said Monday both companies need to sign definitive agreements before they can proceed with the transaction and that it expects the deal to conclude either in the third quarter or fourth quarter of 2018.
The Foster City, Calif.-based cloud security and compliance services provider plans to operate Second Front as an independent subsidiary as part of its federal division.
œThis acquisition would enable us to strengthen our federal division and expand the reach of the Qualys Gov Platform to various government sectors including military and defense, said Philippe Courtot, Qualys chairman and CEO.
Second Front Systems provides cybersecurity and intelligence analytics platforms to government agencies to help them meet their mission requirements and serves as a Qualys partner that delivers systems to agencies that use the latter™s Gov Platform.
The Qualys Gov Platform has authorization to operate under the Federal Risk and Authorization Management Program and works to help agencies detect and respond to cyber threats and meet compliance and regulatory requirements.
