F-Secure Buys MWR InfoSecurityFinnish endpoint security company buys British security service provider in cash deal.
F-Secure, the Finnish endpoint security company, has announced the purchase of MWR InfoSecurity, a privately held cybersecurity company with primary offices in the UK, the US, South Africa and Singapore. MWR InfoSecurity will add managed security services and the Countercept threat hunting platform to F-Secure's portfolio.
The deal, expected to close in early July, includes an £80 million ($105,987,600) cash payment for all outstanding shares of MWR InfoSecurity. In addition, £25 million ($33,121,125) in cash will be due after 18 months if certain business targets are met. F-Secure will fund the initial cash payment through a combination of cash reserves and a term loan of €37 million ($42,967,064).
For more, read here.
Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio