Tuesday, March 17, 2015

Websense, After Move From San Diego, In Acquisition Talks

Former San Diego-based security software developer Websense>--one of a number of companies acquired by private equity investor Vista Equity Partners and moved out of San Diego--is now in talks to be acquired by Raytheon, according to a report. Bloomberg reports that the companies are in talks to sell Websense to Raytheon in a deal worth more than $1 billion. Websense was acquired by Vista Equity Partners in 2013. Vista Equity moved Websense--and more than 470 jobs from San Diego--to Austin, Texas last year, in a high profile loss for San Diego's technology industry.

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