Raytheon Revs Up Growth With Bold Websense Cyber Venture (From Forbes)

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.