British defence firm makes play into infosec

Powered by SC Magazine
 

Move will add network and hardware security modules for the distribution of cryptographic keys.

Defence company Ultra Electronics has acquired AEP Networks for around $75 million.

The company acquired AEP for its links to the UK Government's National Technical Authority for secure electronic communications and to advance its "strategy in the growing cyber security domain".

Ultra's systems, equipment and services were said to be mission-critical to the operation of the platforms run by defence, security, transport and energy organisations.

Ultra said the move will add network and cloud-based security technologies, along with hardware security modules for the protection and distribution of cryptographic keys and secure, modular communication systems for voice and data aggregation over multiple bearers.

Chief executive Rakesh Sharma said: “AEP provides important complementary technologies and products to advance Ultra's strategy in the growing cyber security domain".

“AEP is a technology-rich company with strong intellectual property and wide global reach, operating in a fast-growing marketplace.”

An initial cash consideration of $57.5m was paid and a further sum of up to $17.5m will be paid on 31 December,

This article originally appeared at scmagazineuk.com

Copyright © SC Magazine, UK edition


British defence firm makes play into infosec
 
 
 
Top Stories
IBM, NEC picked for major NSW Transport deals
Final contract negotiations begin.
 
Govt proposes crackdown on ISPs over piracy
Wants new legal powers for copyright industry.
 
Westpac interim CIO resigns
Group CIO yet to be appointed.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1017

Vote