Raytheon disclosed Monday that it is acquiring cybersecurity firm Websense and will form a joint venture with Vista Equity Partners to greatly expand the defense company’s global cyber offerings. Company executives say the move will accelerate Raytheon’s efforts to offer “defense-grade” cyber solutions to civil and commercial customers while generating growth rates and margins superior to those prevailing in its military hardware markets. Websense is said to be especially well-positioned in financial services, healthcare, insurance, real estate and manufacturing — areas where Raytheon had not previously been a big player. Now it will be. About half of Websense’s revenues come from foreign customers. I have written a commentary for Forbes here.
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