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Belden Inc., a global leader in signal transmission solutions for mission-critical applications, announced it has signed a definitive agreement to acquire Tripwire for $710 million in cash. Tripwire, a leading global provider of advanced threat, security and compliance solutions, will bring an important element to Belden's portfolio. Together, the companies will work to deliver the next generation of cybersecurity solutions that can be deployed across enterprise, industrial, and broadcast markets.
Tripwire security and vulnerability management, enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to growing security threats. In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations. The partnership provided comprehensive cybersecurity solutions tailored to specific customer requirements.
Belden stated that the transaction is instantly accretive with an expected impact to adjusted income from continuing operations per diluted share of $0.65 in 2015. Adjusted results are non-GAAP measures that reflect certain adjustments the Company makes to provide insight into operating results. A GAAP to non-GAAP reconciliation is included in this release.
The transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions. Tripwire is a Thoma Bravo, LLC company.
Keywords: Security, Cybersecurity, Manufacturing, Compliance, Internet Of Things, ARC Advisory Group.