The name Detica comes from the Greek-derived word eidetic, meaning clear vision.
History
The business was founded in 1971[1]asSmith Associates carrying out research on Defence matters for the UKGovernment.[2] It was incorporated in 1977[1] and renamed Detica in 2001. It was first listed on the London Stock Exchange in 2002.[1] In 2003 the Company acquired Rubus, an IT services business.[3] It went on to launch Streamshield, an internet security product, in 2004.[3] In 2005 Detica acquired Extraprise UK, a systems integrator.[4] In 2006 it went on to buy Evolution (a consultancy),[5] Inforenz (a computer forensics business)[6] and m.a. partners (a consultancy serving the capital markets)[7] and in 2007 it acquired DFI International (a consultancy serving the US National Security sector).[8]
On 18 July 2008, the prospect of a bidding war for Detica emerged after BAE Systems made an informal offer.[9] On 28 July 2008 the board of Detica and BAE Systems jointly announced that the latter has made a formal cash offer of £4.40 for all issued and to-be-issued share capital. This offer has now been put to the Shareholders.[10] The Telegraph quoted Panmure Gordon analyst George O'Connor describing the price as a "very full valuation".[11]
Operations
The Company operates in the following markets
Government and National Security
Financial Services
Telecommunications and Media
Products include StreamShield, a software package aimed at real-time internet content security,
[12] and NetReveal, a software package to combat fraud, intended for Government departments, the finance sector and leading commercial organisations.[13]
