Raytheon makes another cyber deal
Raytheon Co. has acquired Foreground Security of Herndon, Va., to add to its manage security services solutions and professional services capabilities related to cybersecurity.
Terms of the deal were not disclosed. The acquired company will go to market as Raytheon Foreground Security and will be part of Raytheon Intelligence, Information and Services.
Foreground brings several proprietary solutions and technologies that Raytheon said customers in the federal, international and commercial markets need. The company has 165 employees, of which 85 percent are trained cybersecurity experts.
The company’s products include the Virtual Security Operations Center and the Automated Threat Intelligence Platform, which are used for advanced cyber monitoring, threat hunting and professional services.
“Now, as part of Raytheon, we will have the resources and breadth to build upon these advanced capabilities and bring them to a much larger global customer set,” said David Amsler, founder and CEO of Foreground.
The importance of cyber is no secret at Raytheon, and the company has placed some big bets in that area.
In June, Raytheon acquired Websense for $1.9 billion, and used the acquisition to set up a joint venture that merged Websense with Raytheon Cyber Products in a new entity, led by Websense CEO John McCormack. Websense’s private equity owner, Vista, made a $335 million investment in the joint venture.
Raytheon Websense is focused primarily on the commercial market.
Foreground Security is becoming part of Raytheon proper. The government is one of four industries the company is focused on along with financial services, critical infrastructure and health care.
Posted by Nick Wakeman on Oct 05, 2015 at 11:35 AM