Menu
BAE to acquire SilverSky for $232.5 million in Cybersecurity boost

BAE to acquire SilverSky for $232.5 million in Cybersecurity boost

Company entered into a definitive agreement to acquire Perimeter Internetworking Corp

BAE Systems is set to acquire SilverSky for $232.5 million in a bid to grow its commercial cybersecurity business.

The company has entered into a definitive agreement to acquire Perimeter Internetworking Corp, which trades as SilverSky, a commercial cyber service provider, on a cash free and debt free basis.

The acquisition will be funded from BAE Systems’ existing cash resources. The transaction is conditional upon receiving certain regulatory approvals and is expected to close before the end of 2014.

BAE Systems, Chief Executive, Ian King, said the acquisition of SilverSky enhanced the company's strategy to grow BAE Systems’ Applied Intelligence commercial cyber security business.

“SilverSky’s cloud-based email and network security solutions, its highly skilled resource in marketing and engineering, plus an experienced management team are an ideal fit for Applied Intelligence, Together, the enlarged business will offer corporate clients a suite of products and services to protect critical information and networks and detect cyber threats and financial crime," he said.

"The enlarged business has outstanding growth opportunities.”

According to a company statement, SilverSky has an established sales force, a complementary suite of scalable products and a large installed customer base, providing a proven route to commercial markets in the US and other countries for our combined capabilities.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags cybersecuritySilverSkyIan Kingchief executiveBAE SystemsInternetworking Corp

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments