MCI buys NetSec for $105 million

By

MCI has agreed to buy privately held managed security provider NetSec for approximately $105 million in cash.

The deal speeds MCI's ability to offer advanced security services by more than a year and helps it meet the security needs of its high-end customers, company officials said in a statement.


Herndon, Va.-based NetSec counts top U.S. government agencies among its customers, along with several large companies. Its security monitoring capabilities span 32 countries.

MCI plans to combine its network-based intelligence with NetSec's premise-based intelligence to provide customers with a broader view of their security environment, officials said.

Analysts at Forrester Research said the acquisition will allow MCI to expand its average government contract size. NetSec's customer based was about half federal, state and local government ones, they noted, while MCI already has substantial government clientele for its network services.

The takeover also shifts MCI's strategy from reselling others' security services to offering them in-house.

"With NetSec, MCI has the raw material to leapfrog competitor AT&T in managed security services capabilities," according to Forrester.

The deal is expected to close in 30 days.

www.mci.com
www.netsec.net

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:

Most Read Articles

Microsoft knew of SharePoint security flaw in May, initial patch ineffective

Microsoft knew of SharePoint security flaw in May, initial patch ineffective

ACSC alerts to exploited MS SharePoint remote code execution flaw

ACSC alerts to exploited MS SharePoint remote code execution flaw

"PoisonSeed" attack does not bypass hardware MFA

"PoisonSeed" attack does not bypass hardware MFA

Qantas obtains court order to prevent third-party access to stolen data

Qantas obtains court order to prevent third-party access to stolen data

Log In

  |  Forgot your password?