Investment firm acquires Websense for $1B

A private equity firm, which invests primarily in software and technology companies, has acquired San Diego-based security firm Websense.

Austin-based Vista Equity Partners purchased Websense for about $1 billion, paying Websense shareholders $24.75 a share as part of the agreement.

With the acquisition, which was announced May 20, Websense expects to remain headquartered in its San Diego offices, according to a release from the company.

The firm specializes in mitigating corporate data theft.

Websense management anticipates that the deal will close prior to the third quarter of this year.

This article originally appeared at scmagazineus.com