Belden Sells Tripwire for $350M After Acquiring It for $710M
Belden on Wednesday announced that it has completed the sale of cybersecurity and compliance solutions provider Tripwire for $350 million in cash, after acquiring it for $710 million in cash.
Belden acquired Portland, Oregon-based Tripwire in early 2015 from private equity firm Thoma Bravo, which had bought it for an undisclosed sum in 2011.
The specialty networking solutions provider said at the time that Tripwire would enable it to offer next generation cybersecurity solutions. Belden also said it would incorporate Tripwire technology into some of its own products.
The companies had been working on a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations.
HelpSystems, which specializes in software designed to help organizations secure and automate operations, said that it acquired Tripwire for its file integrity monitoring solutions. The company said the deal will enable it to extend its cybersecurity portfolio.
Minneapolis, Minnesota-based HelpSystems has acquired several security companies in the past year, including data loss prevention specialists Digital Guardian, data protection firm Vera, content protection firm Clearswift, threat intelligence company PhishLabs, email security company Agari, vulnerability assessment and compliance solutions firm Beyond Security, and vulnerability management company Digital Defense.