Tripwire has changed hands for the second time in three years, with signal transmission software vendor Belden buying it for $710m (£453m).
The threat, security and compliance software vendor was originally acquired in May 2011 by private equity house Thoma Bravo for an undisclosed sum.
As a result of the deal, the firms are to work together to deliver the next generation of cybersecurity solutions for enterprise, industrial and broadcast use to capitalise on the growing Internet of Things trend.
John Stroup, chief executive of Belden, said: “As a leading supplier of signal transmission solutions for mission-critical networking applications, this acquisition is an important and natural extension of Belden’s capabilities.
“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. “This positions Belden as a leader in helping customers deploy and secure the Internet of Things.”
The transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions.
Infrastructure provider says international sales now make up 51 per cent of its revenue
Suzanne Chappell of TMS plans sailing venture after selling Oxfordshire-based TMS to acquisitive Chess
Withdrawal of credit insurance by some providers a 'reflection' of current challenge facing IT sector, according to MD Steve Soper
SMART's UK managing director joins Lenovo to boost SMB business