Monday 6th July 2015
Raytheon and Vista Equity Partners complete joint venture transaction to combine Websense and Raytheon Cyber Products
On May 29, 2015, Raytheon announced the completion of a joint venture transaction with leading private equity firm, Vista Equity Partners, to create a first-of-its-kind commercial company specifically designed to meet the needs of the evolving cybersecurity environment. The joint venture combines Websense, a leading provider of Data Theft Prevention solutions and Vista Equity Partners portfolio company, with Raytheon Cyber Products, the products-focused portion of Raytheon's overall cyber business.
The joint venture starts operations immediately and will be based in Austin, TX. John R. McCormack has been named CEO of the new company.
The new company sets an unprecedented standard in the industry – defense-grade cybersecurity for organizations worldwide – based on the deep synergies that exist within this joint venture.
"The combination of Websense and Raytheon Cyber Products enables us to deliver unprecedented levels of innovation that better protect customers in today's incredibly dynamic and complex business environment," said McCormack. "Advanced attacks and data theft are the new normal; we believe this joint venture provides customers the best defense against such threats."
Until the corporate naming and branding project is complete, the new company will be known as Raytheon|Websense.
Raytheon|Websense will empower customers to defend against threats, detect successful breaches, make actionable decisions based on context and defeat the advanced and vast scope threats they face: Defend, Detect, Decide and Defeat – 4D Cybersecurity.
Additionally, Raytheon|Websense will continue to invest and expand on its cross domain market leadership position and support its extensive customer base.
Current Websense customer?
If you have any questions about this merger or Websense products please contact the Bytes Security Partnerships account management team on 0845 075 0560.
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