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The company said the move is part of its effort to be closer to its biggest client, the federal government. With the Obama administration talking about defense budget cutbacks, it makes sense for the company to be located in the Washington area to compete better for government deals, which make up the major portion of the company's revenues. The headquarters move could also reflect the change in the company's leadership. In June the company announced that the chairman and chief executive Ken Dahlberg will step down as CEO this month, and named Walter P Havenstein, who has long ties to the Washington area as the new CEO. As part of the move, the company expects to create 1,200 new jobs and invest $25m to upgrade its Tysons Corner campus. The company is also expected to receive up to $10m in state grants supporting the move. The company said 18,000 of its staff work in the Washington DC area. Havenstein said: "This move will formally relocate the corporate executive leadership team closer to our federal government customers enabling us to better respond quickly and efficiently to their critical needs, while maintaining a significant presence in San Diego." In July the company acquired McLean-based cyber security product testing company Atlan to enhance its cyber security capabilities as well as Common Criteria, FIPS, and SCAP testing services. It said the acquisition will strengthen its position in the government cyber security product certification market. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon For full details for SEAP click here.
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