Raytheon: Raytheon announces completion of commercial cybersecurity joint venture transaction with Vista Equity Partners - May 29, 2015
Summary
Under the terms of the joint venture transaction originally announced on April 20, 2015, Raytheon owns 80.3 percent of the new company. "The combination of Websense and Raytheon Cyber Products enables us to deliver unprecedented levels of innovation that better protect customers in todays incredibly dynamic and complex business environment," said McCormack. Websense TRITON® APX provides advanced, adaptive cyber security that protects critical data wherever it resides and gives actionable intelligence across the entire threat lifecycle. More than 21,000 organizations across 155 countries rely on Websense to stop advanced persistent threats, targeted attacks and evolving malware. Specific factors that could cause such a difference include, but are not limited to: the parties ability to successfully integrate and operate the new company, and achieve expected synergies and other benefits; the ability to attract and retain key employees of the new company; the impact of competition; the ability to develop products and technologies; the impact of changes in the financial markets and global economic conditions; risks of an impairment of goodwill or other intangible assets; and other factors as may be detailed from time to time in the Companys public announcements and Securities and Exchange Commission filings.