BAE Systems has completed the acquisition of Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider.
The consideration of $232.5 million (approximately £144.4 million) has been funded from BAE Systems' existing cash resources, an official statement said.
SilverSky is a commercial cyber services and compliance provider, headquartered in New York, with operations in the US and the Philippines. The company currently employs approximately 400 staff and has over 5,000 customers.
Ian King, Chief Executive, BAE Systems said, “SilverSky’s cloud-based email and network security solutions complement our existing portfolio and increase our presence in the United States, a very significant market for IT security. The enlarged business will offer customers an attractive suite of products and services to protect critical information and networks from the rapidly growing threat of digital crime.”
SilverSky’s highly skilled sales, marketing and engineering workforce and experienced management team will join Applied Intelligence’s Commercial Solutions division, which will be led by SilverSky’s Chief Executive Officer, Tim Harvey.
McAfee Labstoday predicted that cyber attacks and security will become stealthier and warns malware will surge up to 75 percent in 2015. Cyber espionage attacks will continue to increase in frequency as long-term players will become stealthier information gatherers, while newcomers to cyber-attack capabilities will look for ways to steal sensitive information and disrupt their adversaries, the report said
Raytheon is broadening its network of cyber research capability globally with the creation of a Cyber Innovation Centre (CIC) based in the South-West of England. The centre is expected to open soon, housing over 100 cyber specialists who will work with a wide range of governmental and commercial customers to solve their complex cybersecurity challenges
The US State Department has shut down its entire unclassified email system after detecting a breach in its computer network. According to reports, the “activity of concern” was detected in the system concurrently with another cyber attack which hit the network at the White House computer network
Russia and China are set to sign an international cyber security agreement in the first half of 2015, Kommersant newspaper reported citing a source familiar with the progress of negotiations. According to the report, the agreement was expected to be signed this week during a state visit to China by Russian premier Vladimir Putin
With data breaches, ransomware and cyber attacks increasing at an alarming rate worldwide, the cyber insurance market is booming as well. The costs of data breaches run in the millions and take months, if not years, to recover, repair and investigate
The United Arab Emirates is gearing up to launch a cyber command within the General Headquarters (GHQ) of the UAE Armed Forces. Sources with knowledge on the matter told Defenseworld
BAE Systems has launched its 12-micron thermal imaging technology that improves the effectiveness of thermal weapon sights. The companys Universal Thermal Clip-On version XII (UTC® XII) is the first military-grade thermal weapon sight to include the new 12-micron technology, which reduces lens size, total system weight, and battery use, while delivering improved image quality
The US and the UK will be launching cyber attacks against one another to test mutual defenses following last weeks hacking of social media accounts of the US militarys central command (CENTCOM) allegedly by ISIS sympathizers. Both the nations are looking to increase sharing of information about threats and to work out how to best protect them and create a system that lets hostile states and organization know they shouldn't attack, UK Prime Minister David Cameron said in an interview published by the BBC on Friday
BAE Systems has appointed Deepak Parekh, Chairman of HDFC Ltd, as a non-executive Director and Chairman of its Indian subsidiary, BAE India. Parekh's association with BAE Systems began in 2010 when he was appointed as a member of the Company's Independent Advisory Board for India
The UK Ministry of Defence has awarded BAE Systems a 12 month £1.5 million contract to design the engineering support solution for the Queen Elizabeth Class Aircraft Carriers
Indian, Chinese and American armed forces are among several around the world doling out mobile-based video games to keep their soldiers entertained and enemies petrified. The Indian Air Force recently launched the Phase II of its 3D Mobile Air Combat game, ‘Guardians of the Skies (GOTS) on the android, iOS and windows mobile app stores on December 11
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