Belden Inc. announced on Tuesday that it has signed a definitive agreement to acquire Tripwire, a provider of IT security and compliance solutions, for $710 million in cash.
Portland, Oregon-based Tripwire offers solutions to help enterprises, service providers, manufacturers and government agencies detect, prevent and respond to cyber threats.
Together, the companies will work to deliver cybersecurity solutions that can be deployed across enterprise, industrial and broadcast markets, Belden said.
Tripwire spokeswoman Shelley Boose told SecurityWeek that the company will continue to operate as a standalone business, which will remain headquartered in Portland and led by the existing management team.
“There are no changes for any Tripwire employee,” Boose said.
In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations in order to offer cybersecurity solutions tailored to specific customer requirements.
“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,” said John Stroup, President and CEO of Belden.
The transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions.
In May 2011, Tripwire was acquired by private equity firm Thoma Bravo for an undisclosed sum.