Belden Inc, a developer of signal transmission solutions for mission-critical applications, announced Tuesday that it has signed a definitive agreement to acquire cybersecurity firm Tripwire for $710 million in cash. In a statement, Belden said Tripwire will bring an important element to Belden’s portfolio and that the companies will work to deliver the next generation of cybersecurity solutions that can be deployed across enterprise, industrial, and broadcast markets.
“As a leading supplier of signal transmission solutions for mission-critical networking applications, this acquisition is an important and natural extension of Belden’s capabilities,” said John Stroup, president and CEO of Belden.
Tripwire, a leader in security and vulnerability management, enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to growing security threats. In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations. The partnership provided comprehensive cybersecurity solutions tailored to specific customer requirements.
“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,” added Stroup. “This positions Belden as a leader in helping customers deploy and secure the ‘Internet of Things.’”
The transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions.
