MCI To Acquire NetSec For $105 Million - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

MCI To Acquire NetSec For $105 Million

The acquisition is the latest in a consolidating managed security-services market.

MCI on Thursday entered into an agreement to acquire managed security-services company NetSec Inc. for $105 million cash. The companies expect the transaction to be completed within 30 days.

NetSec's flagship product, Finium, takes security related information from security devices, such as firewalls, intrusion-detection systems, and vulnerability scanners, and correlates that information against a database of known threats, providing organizations with a better view into how their security defenses will fend off attacks.

Consolidation has been under way for years in the managed security-services market. Among the largest deals were Symantec's 2002 acquisition of Riptech for $145 million; VeriSign's 2003 acquisition of Guardent for $140 million; and the merger of TruSecure and Betrusted Holdings in November to form CyberTrust, with combined annual revenue of about $160 million.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Learning: It's a Give and Take Thing
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  1/24/2020
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll