Boeing signs agreement to acquire major cyber security firm

BOEING

New Delhi, Jul 8 (PTI) US aircraft builder Boeing
Thursday announced an agreement to acquire cyber-security
firm, Narus Networks, which has a large base in India, to
provide protection from cyber attacks and get integrated
solutions to tackle them.
Based in California and having a strong presence in
Bangalore, Narus is a leading provider of real-time network
traffic and analytics software used to protect against cyber
attacks and persistent threats aimed at large Internet
Protocol networks.
The acquisition is expected to close during the third
quarter of this year, a Boeing spokesperson said, without
revealing how much the deal was worth.
"In recent years, the need for cyber security has
dramatically increased across the world and in India," Boeing
India President Dinesh Keskar said.
"Combining the modelling and simulation capabilities
Boeing has here in India with Narus' technical capabilities,
demonstrates our commitment to designing and securing customer
networks in order to protect vital information.
"With this acquisition, we have further diversified
and strengthened our portfolio here, which makes this yet
another milestone in Boeing's deepening engagement in India,"
Keskar said.
The acquisition would advance Boeing's strategy to
continue growing its cybersecurity business and expand its
presence in India, a spokesperson said.
"This acquisition is another step forward in our
strategy to develop integrated solutions for better network
visibility, threat detection, and cyber security," said Roger
Krone, President of Boeing Network and Space Systems (BNSS).
In addition to supporting cyber activities within
Boeing BNSS, Narus' network-centric technology would also be
applied to Boeing's smart grid energy work, which is the
secure networking of its ground, air and space products.
Narus Senior Vice President Yogi Mistry said, "Our
team is dedicated to meeting the Indian government's
requirements for visibility of IP traffic across networks that
span the country".
Last year, Boeing had announced the opening of its
Boeing Research and Technology-India centre in Bengaluru as
well as the joint development with Bharat Electronics Limited
of an analysis and experimentation centre in India. PTI ARC
MRD