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Belden buys cyber-security firm Tripwire for $710m
The networking and communications specialist Belden is buying the US-based cyber-security supplier, Tripwire, for $710m in cash. Tripwire, which provides threat, security and compliance systems, will work with Belden to deliver a new generation of cybersecurity systems that can be deployed across enterprise, industrial and broadcast markets.
“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,” says its president and CEO, John Stroup.
“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,” he adds. “This positions Belden as a leader in helping customers deploy and secure the Internet of Things.”
Tripwire helps users to detect, prevent, and respond to security threats. In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cyber-security in manufacturing organisations. The partnership provides cyber-security systems tailored to specific customer needs.
Belen already owns Tofino Security, whose products protect industrial networks from cyber-threats and internal network incidents.
The Tripwire transaction is expected to close in the first quarter of 2015.
