Belden Moves To Buy Tripwire Cyber Tech for $710M; John Stroup Comments

acquisitionBelden has sought to expand its threat response and cybersecurity portfolio with its planned acquisition of vulnerability management firm Tripwire for $710 million in cash.

John Stroup, Belden president and CEO, said Tuesday the purchase is an “important and natural” move for a company that provides signal transmission products for network applications.

Belden indicated that following the transaction the two groups expect to start work on cyber offerings designed for the enterprise and industrial markets.

Stroup said the focus would be to provide support for clients on Internet of Things implementation and security.

“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, ” he added.

The Chertoff Group is the exclusive investment banking adviser to Portland software firm Tripwire for the deal, which the firms expect to finalize in early 2015.

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