Wednesday, January 19, 2005

MCI to Acquire NetSec for Managed Security Services

MCI agreed to acquire NetSec, a privately-held provider of managed security services, for approximately $105 million in cash.

NetSec provides managed and professional security services to top U.S. government agencies and some major corporate clients. It currently offers security monitoring and management capabilities in 32 countries.

MCI said the acquisition accelerates its strategy to deliver next generation IP-based security services to our business and government customers. MCI plans to combine its network-based intelligence with NetSec's premise-based intelligence to provide customers an expanded view of their security environment across multiple systems and devices. The company also intends to extend the strength of NetSec's Finium security services platform to global and government customers who want to bolster their security defenses.

While this acquisition positions MCI to focus additional resources on one of the fastest growing segments of the security market, it is complementary to its existing strategic security partnership.

  • Founded in 1998 by former government security experts, NetSec is a privately held company with headquarters in Herndon, Virginia and London.


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