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.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."