Belden Inc., a global leader in signal transmission solutions for mission-critical applications, announced on Tuesday the signing of a definitive agreement to acquire Tripwire, an industry leader in advanced threat, security and compliance solutions.
The collaboration of the services and products offered by both enterprises aims to deliver the next generation of cybersecurity solutions that can be deployed across enterprise, industrial and broadcast markets, read Tripwire’s press release.
“This is a bold step into the future and presents a range of exciting new business opportunities for both companies,” said Tripwire CEO Jim Johnson. “More importantly, this acquisition will benefit our customers.”
Belden CEO John Stroup added the acquisition comes as an important and natural extension of the supplier’s signal transmission solutions for mission-critical networking applications.
“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,” said Stroup.
The $710 million transaction is among the largest deals for an Oregon tech company in state history, and is expected to finalize in the first quarter of 2015.
Industry analysts Adrian Sanabria and Brenon Daily from 451 Research called the deal “a win for both sides,” as it launches Belden into a growing network, while extending Tripwire’s security to industrial settings:“This isn’t about aligning technologies, it’s about aligning business interests.” – 451 Research
However, both companies noted the acquisition would not affect Tripwire’s brand, strategies, employees or Portland headquarters. Instead, Belden plans to retain all Tripwire employees, as Tripwire continues to run as a “standalone entity.”
Furthermore, Johnson announced the move will lead to significant investments in the company’s research and development efforts, as well as additional hiring in its Portland office.
- Tripwire Customer FAQ
- The 451 Group’s Analysis
- Belden Investor Relations Webcast
- Tripwire Press Release
- Belden Press Release
Updated: 12/11, 3:45 PM