View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Leadership
  2. Strategy
April 20, 2015

Raytheon set to disrupt cybersecurity market

Acquisition of Websense will create a stand-alone security business.

By

Raytheon is investing almost $1.7 billion to to acquire Websense and move into the cybersecurity market for banks and retailers.

The move would see it create a stand-alone business that would enable it to utilise its technology which has previously been put to use with the U.S. military and intelligence agencies.

Raytheon, is expected to announce that it has bought 80% control of Websense Inc, from private-equity firm Vista Partners. This will form the core of a cyber joint venture between the two.

Raytheon has been making a strong push into the cybersecurity industry, with 14 acquisitions since 2007, which have helped to grow its portfolio.

Raytheon is expected to invest $965 million in cash, alongside a $600 million loan and $400 million of existing cyber assets, while Vista will invest $335 million and hold a 20% stake in the yet unnamed venture.

Content from our partners
Unlocking the value of artificial intelligence and machine learning
Behind the priorities of tech and cybersecurity leaders
Corporate ransomware attacks: It’s only a matter of when, not if

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU