CE Pro BEST Product Awards | CE Pro BEST Project Awards
Security

Belden to Acquire Cybersecurity Company Tripwire for $710 Million

Belden's acquisition of Tripwire to further cybersecurity solutions in industrial and broadcast markets.


CE Pro Editors · December 11, 2014

Belden Inc., a manufacturer of networking, connectivity, and cable products, has announced it plans to acquire Portland, Ore.-based security software company Tripwire Inc. for $710 million.

By acquiring Tripwire, Belden is seeking to help companies deliver cybersecurity solutions across industrial and broadcast markets.

In September, the two companies partnered to improve infrastructure cybersecurity in manufacturing organizations.

“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,” says John Stroup, President and CEO of Belden.

Related: Related: Why Tyco Invested in Qolsys Security/Home Automation

Belden said the deal will add 65 cents per share to its adjusted income from continuing operations for 2015.

The deal is expected to close in the first quarter of 2015.



We're Looking for Your BEST Projects

Don’t miss your chance to enter to win a 2019 BEST Projects Award. We’ll be announcing winners at a special Gala event at CEDIA EXPO. We can’t wait to see what you’ve been up to this year! Enter your projects now.





  Article Topics


Security · News · Belden · Cybersecurity · All Topics
CE Pro Magazine

Read More Articles Like This… With A Free Subscription

CE Pro magazine is the resource you need to keep up-to-date on the latest products, techniques, designs and business practices. Subscribe today!

Subscribe Today!