FOSTER CITY, Calif., June 4, 2018 /PRNewswire/
-- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading
provider of cloud-based security and compliance solutions, today announced that it has entered into a non-binding letter of
intent to purchase Second Front Systems. When completed, the acquisition would be expected to provide increased domain expertise
in building and delivering cybersecurity solutions tailored for the U.S. federal government, including defense, intelligence, and
law enforcement.
Second Front Systems sources cutting-edge solutions in cybersecurity and advanced intelligence analytics, and delivers these
solutions by working to engage the appropriate government stakeholders and modifying technology platforms to address mission
requirements. Second Front Systems is currently a Qualys channel partner delivering solutions to federal agencies using the
Qualys Gov Platform.
"This 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, chairman and
CEO, Qualys, Inc. "Second Front Systems provides comprehensive advisory services and cybersecurity solutions to government
agencies addressing specific and pressing national security needs, to include those dealing with classified information. The
Second Front team has significant expertise helping federal agencies build state-of the-art cybersecurity solutions as they
embark on their digitization efforts. We hope to welcome the entire team to our federal division."
The terms of the letter of intent providing for the proposed acquisition are non-binding and the parties will need to
negotiate and enter into definitive agreements before proceeding with the proposed acquisition. If the parties are able to
negotiate and enter into such agreements, it is anticipated that the proposed acquisition would be subject to regulatory
approvals, as well as other closing conditions. Subject to satisfaction of all conditions and the closing of the proposed
acquisition, Qualys would expect Second Front Systems to operate under its federal division as an independent subsidiary. If the
parties are able to enter into and consummate the acquisition, Qualys would expect the transaction to close either in Q3 or Q4 of
this year.
Qualys will host an event to launch the Qualys Gov Platform on June 6, 2018 at the International
Spy Museum in Washington DC. Registration and agenda are available here.
Additional Resources:
About Qualys
Qualys, Inc. (NASDAQ: QLYS) is a pioneer and leading provider of cloud-based security and compliance solutions with over 9,300
customers in more than 120 countries, including a majority of each of the Forbes Global 100 and Fortune 100. Qualys helps
organizations streamline and consolidate their security and compliance solutions in a single platform and build security into
digital transformation initiatives for greater agility, better business outcomes and substantial cost savings. The Qualys Cloud
Platform and its integrated Cloud Apps deliver businesses critical security intelligence continuously, enabling them to automate
the full spectrum of auditing, compliance and protection for IT systems and web applications on premises, on endpoints and
elastic clouds. Founded in 1999 as one of the first SaaS security companies, Qualys has established strategic partnerships with
leading managed service providers and consulting organizations including Accenture, BT, Cognizant Technology Solutions, Deutsche
Telekom, Fujitsu, HCL Technologies, HP Enterprise, IBM, Infosys, NTT, Optiv, SecureWorks, Tata Communications, Verizon and Wipro.
The company is also a founding member of the Cloud Security Alliance. For more information, please visit www.qualys.com.
About Second Front Systems
Second Front provides advisory services to state-of-the-art technology firms
seeking to inject their product or offering into the national security market. Through proof-of-concept pilots, lightweight
systems integration, and a range of contracting vehicles, Second Front supports solutions to address specific and pressing
national security needs. For more information, please visit www.secondfront.com.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties including, among other things, statements
regarding the proposed acquisition, including the proposed negotiation and entry into definitive agreements with respect to the
proposed acquisition, the anticipated closing conditions to the acquisition and the timing for closing the acquisition, the
facilitation of the delivery of new products, features and functionality, and its acceleration of Qualys' entry into adjacent
markets. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of
factors, including the potential inability of the parties to successfully negotiate and enter into definitive agreements for the
proposed acquisition, the possibility that any regulatory approvals or other closing conditions would not be satisfied or that
the parties would not be able to consummate the proposed acquisition; the effects of the highly competitive market in which we
operate, including competition from much larger technology companies; any inability to successfully develop and introduce new
products, features, and services or enhance existing products and services; product liability issues, security breaches or other
defects; and other factors discussed under the heading "Risk Factors" in our most recent report on Form 10-Q filed with the
Securities and Exchange Commission. All forward-looking statements contained herein are based on information available to us as
of the date hereof and we do not assume any obligation to update these statements as a result of new information or future
events.
Press Contact
David Conner
Qualys, Inc.
dconner@qualys.com
650-801-6196
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SOURCE Qualys, Inc.