Tuesday, July 6, 2010

Boeing to Acquire Narus for CyberSecurity Systems

Boeing has agreed to acquire Narus, a privately-held provider of real-time network traffic and analytics software, for an undisclosed sum. The company is based in Sunnyvale, California and employs approximately 150 people globally.

Narus' systems are used to protect against cyber attacks and persistent threats aimed at large Internet Protocol networks. Its NarusInsight system provides deep insight into multiple layers of IP network traffic in real time, enabling applications such as network cyber protection, traffic and application monitoring and capture for legal intercept, and traffic management via policy enforcement.

Boeing said the acquisition follows a successful partnership with Narus and advances its strategy to offer world-class, scalable, state-of-the-art cybersecurity solutions.

Once acquired, Narus will operate within Boeing's Network & Space Systems business as a wholly owned subsidiary. In addition to supporting cyber activities within Network & Space Systems, Narus' network-centric technology also will be applied to Boeing's smart grid energy work, the secure networking of Boeing's ground, air and space products, and the defense of the Boeing network.

"This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection, and cybersecurity," said Roger Krone, president of Boeing Network & Space Systems, a business within the Boeing Defense, Space & Security (BDS) operating unit. "Narus' innovative employees and unique capabilities to secure complex networks will be a significant benefit to Boeing and our customers."

"We're excited to join Boeing and provide its customers with our proven NarusInsight system and applications, which are currently used by governments and large service providers worldwide," said Narus Chief Executive Officer and President Greg Oslan.

The acquisition is expected to close during the third quarter of 2010.

  • On June 30, Boeing announced plans to acquire Argon ST in an all cash tender offer and merger for $34.50 per share, or approximately $775 million, net of cash acquired. Argon ST is a leading developer of command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) and combat systems. Boeing said the deal expands its capabilities to address the C4ISR, cyber and intelligence markets.

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