St. Louis, MO-based Belden Inc. inked a deal to acquire security provider Tripwire for $710 million in cash.
Tripwire, a provider of advanced threat, security and compliance solutions, will add another dimension to Belden’s increasing security portfolio as the company focuses on solutions that can deploy 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 chief executive of Belden.
Tripwire enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to growing security threats.
In September, Belden and Tripwire unveiled a joint initiative to improve critical infrastructure cyber security in manufacturing organizations. The partnership provided comprehensive cyber security 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,” Stroup said. “This positions Belden as a leader in helping customers deploy and secure the Internet of Things.”
This transaction should close in the first quarter of 2015.