He is due to be interviewed at an Oxfordshire Police Station and a search of his property is being carried out. The man has been arrested on suspicion of offences under the Computer Misuse Act.
The arrest forms part of Kalmyk, an operation relating to computer hacking offences. Kalmyk is a sub-operation under Operation Tuleta, which is looking into breaches of privacy related to the hacking scandal that embroiled News Corporation and other media outlets.
There have been 20 arrests so far under Operation Tuleta. In August, a former Times journalist was arrested, whilst in September a 33-year-old man was arrested in South London on suspicion of breaking the Computer Misuse Act.
This is one of the first cases under Tuleta to relate to business espionage, however.
More here: http://www.techweekeurope.co.uk/news/met-arrest-business-espionage-operation-tuleta-105745