Websense to Acquire Security Rival SurfControl

Apr 27, 2007

Websense announced April 26 that it will acquire fellow Web security provider SurfControl for $400 million.

The deal is expected to close in about four months, pending approval from government agencies in the United States and United Kingdom. If approved, the acquisition would mean enhanced products and a new organization with the scale to compete with larger security providers, Gene Hodges, CEO of San Diego-based Websense, said in a statement.

"Additionally, by improving operational efficiencies, we believe we can generate operating margins in the combined business similar to the historical levels we have achieved in our own Web security business," Hodges said.

Hodges said the move will also aid in the company's plans to gain a larger foothold in the security market for SMBs (small and midsize businesses). Websense will renew existing SurfControl subscriptions at levels similar to their historical prices, he said.

The channel partners of the two companies will also benefit from the opportunity to deliver a broader set of security products to their customers, Hodges said.

"We plan to introduce a customer satisfaction and retention program and pledge to support SurfControl's layered software Web security solutions at least through 2010," Hodges said. "We also plan to enhance these products with data from the merged research databases of the two companies."

Patricia Sueltz, CEO of SurfControl, based in Scotts Valley, Calif., said the acquisition represents a major step in the development of SurfControl's business by making it part of a larger organization better able to compete in the market for Internet security services.

"I believe that SurfControl today provides a unique combination of security solutions for its customers through software, appliances and on-demand services," Sueltz said in a statement.

Copyright 2007 by Ziff Davis Media, Distributed by United Press International

Explore further: Starbucks: Computer outage disrupts sales in US, Canada

Related Stories

Smaller and cheaper particle accelerators?

20 minutes ago

Traditionally, particle accelerators have relied on electric fields generated by radio waves to drive electrons and other particles close to the speed of light. But in radio-frequency machines there is an ...

Will social media kill branding?

55 minutes ago

For decades, corporations used a steadfast formula in branding a product: big advertising investments that produced customer awareness and built a positive product reputation. By investing heavily in and ...

Recommended for you

How smart are the mobile shoppers who use smartphones?

Apr 24, 2015

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

Apr 24, 2015

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.