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

George V. Hulme, Contributor

January 20, 2005

1 Min Read

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.

About the Author(s)

George V. Hulme

Contributor

An award winning writer and journalist, for more than 20 years George Hulme has written about business, technology, and IT security topics. He currently freelances for a wide range of publications, and is security blogger at InformationWeek.com.

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