RUAG acquires Clearswift
The RUAG Defence division is expanding its cyber security business unit with the acquisition of British cyber security specialist Clearswift, the company announced on 20 December.
The acquisition of Clearswift will see the establishment of a separate cyber security business unit within RUAG.
Markus A Zoller, CEO of the RUAG Defence division, said: ‘We are aiming to become a principal solution and service provider for organisations of all sizes and across all verticals, including local and national government organisations, financial institutions and critical infrastructure providers.’
Clearswift specialises in information security, offering cyber security solutions for the effective protection of business-critical information against internal and external threats. It enables its clients to have complete security across email, web and the endpoint through its Adaptive Data Loss Prevention product suite.
The parties have agreed to keep the purchase price confidential. The transaction is subject to regulatory approval in certain jurisdictions, with a decision by competent regulatory bodies expected within the first quarter of 2017.
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