Signal transmissions solutions provider Belden acquires threat, security and compliance vendor Tripwire, in a deal worth $710 million in cash, bringing "an important element" to the Belden portfolio.
The two companies are not strangers to each other, as both have been working on a joint initiative since September 2014, one with the aim to improve critical infrastructure cybersecurity in manufacturing. The acquisition should build on the venture, with plans to create "the next generation" of cybersecurity products for the enterprise, industrial and broadcast segments.
That, or Belden really liked working with Tripwire…
“As a leading supplier of signal transmission solutions for mission-critical networking applications, this acquisition is an important and natural extension of Belden’s capabilities,” the company remarks. Tripwire agrees, remarking “We look forward to incorporating Tripwire technology into selected Belden products and providing Tripwire with access to existing Belden customers."
The acquisition should be finalised by Q1 2015.
