American arms and ammunition maker Raytheon is set to close the purchase of ‘Websense’, a company specializing in computer security software.
Raytheon will combine Websense with its own cyber security operations and have an 80% stake in the combined entity, with Vista owning the rest, according to ET.
Websense’s technology allows companies to identify potential hackers and set rules around who can access confidential information. Websense’s Triton platform, which allows companies to adapt and respond to future cyber attacks, particularly appealed to Raytheon, as the missile maker intends to upgrade its cyber security regarding its projects.
Austin-based Websense was founded in 1994 and was taken public in 2013 for $990 million.Category Business