Boeing announced yesterday it will add to its Network & Space Systems business with the recent acquisition of Narus, a software provider, to help guard against large Internet protocol attacks.
According to a Boeing press release, the acquisition of the Sunnyvale, Calif., company follows a successful relationship between the two organizations and their operations will be applied to Boeing’s cybersecurity efforts, smart-grid energy work, the secure networking of Boeing’s ground, air and space products and the defense of the Boeing network.
The transaction terms were not disclosed.
“This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection, and cybersecurity,” said Roger Krone, president of Boeing Network & Space Systems, a business within the Boeing Defense, Space & Security operating unit. “Narus’ innovative employees and unique capabilities to secure complex networks will be a significant benefit to Boeing and our customers.”
Narus Chief Executive Officer and President Greg Oslan also commented on the agreement of the merger. He said, “We’re excited to join Boeing and provide its customers with our proven NarusInsight system and applications, which are currently used by governments and large service providers worldwide.”
Narus currently employs about 150 people. Boeing expects to close the deal in the third quarter.