Belden acquiring cybersecurity expert Tripwire for $710 million
Together, the companies say they will work to deliver the next generation of cybersecurity solutions that can be deployed across enterprise, industrial, and broadcast markets.
Belden (NYSE: BDC) announced that it has signed a definitive agreement to acquire Tripwire for $710 million in cash. Belden says its acquisition of the advanced threat-detection, security and compliance solutions specialist will bring an important element to its corporate portfolio. "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," commented John Stroup, president and CEO of Belden.
Together, the companies say they will work to deliver the next generation of cybersecurity solutions that can be deployed across enterprise, industrial, and broadcast markets. As an expert in security and vulnerability management, Tripwire says its technology enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to a range of security threats. This past September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations. The partnership provided comprehensive cybersecurity solutions tailored to specific customer requirements, says Belden.
"We look forward to incorporating Tripwire technology into selected Belden products and providing Tripwire with access to existing Belden customers that are anxious to improve the robustness and security of their networks," added Stroup. "This positions Belden as a leader in helping customers deploy and secure the ‘Internet of Things.'"
This transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions. Tripwire is a Thoma Bravo, LLC company. Belden says the transaction is instantly accretive with an expected impact to the company's adjusted income from continuing operations per diluted share of $0.65 in 2015.