Global Defense & National Security Systems, Inc. and STG Group, Inc. Announce Strategic Business Combination

Global Defense & National Security Systems Inc. GDEF ("GDEF"), a special purpose acquisition company focused on the U.S. defense and national security sector, and privately-held STG Group, Inc. ("STG"), a leading provider of cyber, software and intelligence solutions to the U.S. government, today announced that they have entered into a definitive agreement to form a strategic business combination (the "combination"). The combination, with an approximate value of USD165.5m through a cash and stock transaction, is expected to provide STG with capabilities and capital in order to pursue growth opportunities. See full press release