Proving the Business Case for the Internet of Things

Belden announces $710 million takeover of Tripwire

Iain Morris
December 11, 2014
 
Networking and cabling specialist Belden is to acquire cybersecurity expert Tripwire in a $710 million cash deal designed to fuel the development of cybersecurity technologies used in the Internet of Things.

Belden (St Louis, MO, USA) said the acquisition would help it develop cybersecurity solutions that could be deployed across enterprise, industrial and broadcast markets.

“As a leading supplier of signal transmission solutions for mission-critical networking applications, this acquisition is an important and natural extension of Belden's capabilities,” said John Stroup, Belden’s president and chief executive.

The takeover follows the formation of a joint venture between Belden and Tripwire (Portland, OR, USA) in September aimed at improving critical infrastructure cybersecurity in manufacturing organizations.

According to the companies, that tie-up has already given rise to a range of products tailored to suit specific customer requirements.

“We look forward to incorporating Tripwire technology into selected Belden products and providing Tripwire with access to existing Belden customers that are anxious to improve the robustness and security of their networks,” said Stroup. “This positions Belden as a leader in helping customers deploy and secure the ‘Internet of Things.'”

The deal is expected to be “instantly accretive”, according to Belden, adding $0.65 per diluted share to adjusted income from continuing operations in 2015.

The company reckons the transaction will close in the first quarter of 2015.

Security has become an issue of growing concern for companies targeting M2M and Internet of Things opportunities.

There are fears that hackers and cyber criminals will be able to exploit vulnerabilities in the plethora of new hardware and software that is emerging in response to growing demand.

Analysts and experts have emphasized how dangerous cyber attacks could be given the rising popularity of wearable devices that are used to monitor the health and fitness of their users.

Vulnerabilities in industrial systems could also leave organizations at risk of espionage.
 
The M2M Zone serves as the catalyst to the embedded systems community to gather knowledgeable and up-to-date information. From telematics to smart grid to telehealth, the M2M Zone understands that machine-to-machine technologies stretch across multiple industries to create a dynamic M2M eco-system.
 
Through our events, newsletters and webinars, we bring together end clients from these vertical industries as well as cellular network operators, module manufacturers, short-range wireless developers, and systems integrators, not just to provide information, but to offer a forum to meet and speak with your prospects and customers. 

For more information contact: info@m2mzone.com