ST. LOUIS--(BUSINESS WIRE)-- Belden Inc., a global leader in signal transmission solutions for mission-critical applications, has announced it has signed a definitive agreement to acquire Tripwire for $710 million in cash. Tripwire, a leading global provider of advanced threat, security and compliance solutions, will bring an important element to Belden's portfolio. Together, the companies will work to deliver the next generation of cybersecurity solutions that can 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, President and CEO of Belden.
Tripwire, a leader in security and vulnerability management, enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to growing security threats. In September, Belden and Tripwire announced a joint initiative to improve critical infrastructure cybersecurity in manufacturing organizations. The partnership provided comprehensive cybersecurity solutions tailored to 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," adds Stroup. "This positions Belden as a leader in helping customers deploy and secure the ‘Internet of Things.'"
This transaction is instantly accretive with an expected impact to adjusted income from continuing operations per diluted share of $0.65 in 2015. Adjusted results are non-GAAP measures that reflect certain adjustments the Company makes to provide insight into operating results. A GAAP to non-GAAP reconciliation is included in this release.
A full discussion of this transaction and its potential financial impact on Belden's consolidated results will occur tomorrow at 8:30 am EST. The listen-only audio of the conference call will be broadcast live via the Internet at http://investor.belden.com. The dial-in number for participants in the U.S. is 888-417-8465; the dial-in number for participants outside the U.S. is 719-325-2495. A replay of this conference call will remain accessible in the investor relations section of the Company's website for a limited time.
This transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions. Tripwire is a Thoma Bravo, LLCcompany.