Websense
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Formerly called
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Websense, Raytheon|Websense |
|---|---|
| Joint Venture | |
| Industry | Information security |
| Founded | 1994 |
| Headquarters | Austin, Texas |
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Key people
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Matthew Moynahan, CEO |
| $328 million (2015) | |
| Parent | Raytheon |
| Website | www |
Forcepoint, previously known as Websense and Raytheon|Websense, is an Austin-based company owned by US defense contractor Raytheon, in a joint venture with private equity firm Vista Equity Partners, specializing in computer security software. It offers businesses and government institutions services for content security, data protection, cloud security, network security, analytics, webfiltering, and cross domain access and transfer to protect organization's networks from cybercrime, malware, and data theft, as well as prevent users from viewing sexual or other inappropriate content and discourage employees from browsing non-business-related websites. Forcepoint uses a combination of classification engines, filtering categories, data fingerprints, and word filters selected by customers.
Forcepoint was founded by Phil Trubey in 1994, and went public in the year 2000. Forcepoint offers security services.
In October 2011 Facebook began working with Forcepoint to assist Facebook in filtering links to malicious websites and malware sites.
On May 20, 2013, Forcepoint was acquired by Vista Equity Partners and taken private for $24.75 per share, for a total purchase price of US$906M. With the closing of the transaction, Forcepoint was no longer a publicly traded company, and its stock was delisted from NASDAQ. The company's main operations moved from San Diego, California to Austin, Texas.
On April 20, 2015, defense contractor Raytheon and Vista Equity Partners entered an agreement to form a new cybersecurity company, combining Raytheon Cyber Products with Websense, Inc. Raytheon had an 80.3% stake, with Vista Partners LLC holding the remaining 19.7%.The Wall Street Journal reported the purchase, commenting that Raytheon was betting it could use its military cybersecurity skills to sell to banks and retailers where other defense peers have struggled to profit. Websense was to form the core of the joint venture with forecast sales of $500 million for 2015 and margins of around 20%.
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Wikipedia