On Wednesday, Boeing announced acquiring Narus to improve cyber security

Jul 8, 2010 Posted by brindils on Jul 8, 2010 in Business | 0 comments

On Wednesday, Boeing announced acquiring Narus to improve cyber security

Continuing its growth strategy through targeted M&As, Boeing announced Wednesday an agreement to acquire Narus, a Sunnyvale-based company specializing in network traffic in real-time and and analytics software. This acquisition is intended to improve cyber security Boeing business, the area which holds much potential due to increased cyber attacks on large Internet Protocol (IP) networks.

“This acquisition is another step forward in our strategy to develop integrated solutions for improved network visibility, threat detection, and cyber security,” said Roger Krone, president of Boeing Network and Space Systems, a business within the Boeing Defense, Space & Security (BDS) operating unit.

After the acquisition, Narus is a part of Boeing Network and Space Systems, a wholly owned subsidiary of the company. Network-centric technology from Narus’ will be put to use in Boeing’s smart grid energy work, the creation of secure networks for Boeing land, air and space products, and network defense Boeing the statement said. Furthermore, it is also expected to support the activities of cyber in the Network and Space Systems.

“We see this as a great opportunity to continue serving our existing customers while expanding our analysis of network traffic and cyber security solutions to new markets worldwide with the support and the support of The Boeing Company,” Narus said Chief Executive Officer and President, Greg Oslan.

There is no mention of the terms of the transaction as Narus is privately owned firm and the acquisition is expected to be completed in the third quarter of 2010.

Last week, Boeing agreed to buy defense equipment maker Argon ST $ 34.50 per share in cash, or approximately $ 775 million, expanding its growth strategy in cyber and intelligence markets. Argon makes sensors for intelligence, surveillance and reconnaissance systems.

Boeing has two business divisions to build a commercial aircraft and other involved in the defense and security companies specializing in innovative customer solutions and manufacturing capabilities promoted and military aircraft.

Its defense, space and security business reported revenue of $33.6 billion U.S. dollars employing 68,000 people in the world in 2009. The company’s total revenues stood at $68.2 billion U.S. dollars in 2009. The company projects addressable defense, space and security market to nearly $1 trillion U.S. dollars over the next five years.

Narus employs about 150 people worldwide with offices in USA, UK and India. Its solutions address network and service providers, mobile carriers, and governments. Protects and manages the largest networks of intellectual property throughout the world as KT (Korea), KDDI (Japan), Raytheon, Telecom Egypt, Reliance (India), Cable and Wireless, Telecom Arabia and the U.S. Cellular.