Vista Equity Partners Buys Websense. Vista Equity Partners has acquired Websense. Terms of the agreement call for Websense shareholders to receive $2. ![]() San Diego- based Websense is cyber security company. Bof. A Merrill Lynch provided financial advice to Websense. Morgan Securities, RBC Capital Markets and Guggenheim Partners are providing debt financing. PRESS RELEASESAN DIEGO, May 2. PRNewswire/ — Websense, Inc. The Websense board of directors unanimously recommends that the company’s stockholders tender their shares in the tender offer.“Vista shares a similar vision for the company, including a dedication to developing and delivering best- in- class cyber security to our customers,” said John Mc. Cormack, Websense CEO. Smith, CEO and founder of Vista Equity Partners. We look forward to working with the company to enable it to reach its full potential.”Upon closing, Websense will become a privately held company. Websense senior management is expected to continue with the company and its headquarters are expected to remain in San Diego. Under the terms of the agreement, an affiliate of Vista will commence a tender offer for all of the outstanding shares of the Websense common stock. Closing of the transaction is conditioned upon, among other things, satisfaction of a minimum tender condition, clearance under the Hart- Scott- Rodino (HSR) Antitrust Improvements Act of 1. In the event that the minimum tender condition is not met, and in certain other circumstances, the parties have agreed to complete the transaction through a one- step merger after receipt of stockholder approval. Websense expects the transaction to close before the end of the third quarter of 2. Bof. A Merrill Lynch is serving as financial advisor to Websense. Cooley LLP is acting as Websense’s legal advisor. We won't share your email address. Unsubscribe anytime. JOBS and CAREER - weekly newsletter - Follow @JobsandCareer. Before Vista Equity took Websense private, the company reported $361.5 million in revenue for 2012. David Holley is Xconomy's national correspondent based in Austin. Corporate; Mergers & Acquisitions; Private Equity; 2010, New York. University of Chicago Law School, J.D., 2009 Honors Member of the Institute for Justice Clinic on. Joint venture combines Raytheon Cyber Products with Websense . Raytheon will invest $1.57 billion in net cash for majority ownership of the new company; Vista. Kirkland & Ellis LLP is acting as Vista’s legal advisor. Morgan Securities LLC, RBC Capital Markets and Guggenheim Partners have agreed to provide debt financing in connection with the transaction. For further information regarding all terms and conditions contained in the definitive merger agreement, please see Websense’s Current Report on Form 8- K, which will be filed in connection with this transaction. About Websense, Inc. Websense, Inc. Websense TRITON comprehensive security solutions unify web security, email security, mobile security and data loss prevention (DLP) at the lowest total cost of ownership. Tens of thousands of enterprises rely on Websense TRITON security intelligence to stop advanced persistent threats, targeted attacks and evolving malware. Websense prevents data breaches, intellectual property theft and enforces security compliance and best practices. ![]()
A global network of channel partners distributes scalable, unified appliance- and cloud- based Websense TRITON solutions. Websense TRITON stops more threats, visit www. To access the latest Websense security insights and connect through social media, please visit social. For more information, visit www. About Vista Equity Partners. Vista Equity Partners, a U. Integrated security solutions, including web security, email security, and data security software. Websense, Inc.S. Vista is a value- added investor, contributing professional expertise and multi- level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long- term capital base, experience in structuring technology- oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www. NEW YORK ( TheStreet) - Websense ( WBSN) said on Monday it has agreed to be taken private by Vista Equity Partners in an all-cash deal that values the Internet. Fy07 h-1b employers zybron optical electronic inc zycal bioceuticals inc zydus healthcare usa llc zygogen llc zytes technologies inc zyxel communications inc. Latest news and information on the business of delivering technology and services to government including government contractors, the integrator community, technology. ![]() ![]() Do you want exclusive news and analysis about private equity deals, fundraising, top- quartile managers and more? Get your FREE trial to Buyouts! Or subscribe now!
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