Websense snaps up SurfControl
$400m for British web-filtering company.
US firm Websense has sealed a $400m cash deal to
acquire British web-filtering company SurfControl.
The 700-pence-per-share
price paid by Websense - 63% more than SurfControl's share price at the
time of announcing it was looking for a buyer - has prompted speculation
that Websense may not have alone in bidding for the company.
The purchase
gives Websense a presence in the email security and hosted services
markets, as well as a stronger presence in Europe and in the small and
mid-sized business market, putting it in a more competitive position
against large security companies such as Symantec, McAfee and Trend Micro.
01 May 2007
Tags:
acquisition, corporate, surfcontrol, websense.
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