NGC Agrees to Acquire Australian Cybersecurity Company M5 Network Security
Northrop Grumman Corporation (NYSE:NOC) announced that it has signed a definitive agreement to acquire privately held M5 Network Security Pty Ltd, a Canberra, Australia-based provider of cybersecurity and secure mobile communications products and services, and advanced analytics to Australian military and intelligence organizations.
The acquisition is subject to Australian government review. Terms of the transaction, which is expected to close later this year, were not disclosed. The acquisition is not material to Northrop Grumman's 2012 financial outlook.
"This acquisition enhances our ability to provide innovative, agile and proven cybersecurity and communication solutions to Australian customers," said Wes Bush, Northrop Grumman chairman, chief executive officer and president.
"M5 Network Security remains committed to maintaining the highest level of performance and service for our customers. We expect that as part of Northrop Grumman, our customers also will benefit from the cybersecurity leadership and extensive resources that Northrop Grumman can bring to M5 Network Security and its employees," said Matthew Wilson, managing director, M5 Network Security.
Source : Northrop Grumman Corporation (NYSE:NOC)
Aug 11 - 14, 2014 - Kuala Lumpur, Malaysia