Feeds

Defence firm Ultra goes cyber with AEP buy

Slings military might into cyberwarfare

Top 5 reasons to deploy VMware with Tegile

UK-based defence conglomerate Ultra Electronics has acquired security appliance firm AEP Networks in a deal valued at up to $75m. Ultra Electronics agreed to pay $57.5m plus a further $17.5m, depending on sales figures, for the remote appliance firm.

AEP Networks specialises in SSL VPN appliances that allow workers to securely connect into corporate applications and databases without the need to install client software on every PC, thus saving money. The technology works in conjunction with remote access hardware encryption products. More recently AEP also began marketing a subscriber-based thin client virtualisation service called Cloud Protect.

Most of AEP's 80 employees are based in Ascot, Berkshire and Hemel Hempstead, Hertfordshire. AEP also has a sales and engineering operation in New Jersey in the US. It claims 5,000 blue chip and government customers in over 60 countries.

Ultra Electronics's main line of business is defence and aerospace, although it has a finger in many pies, including energy and transport. AEP will join Ultra's Tactical & Sonar Systems division.

The end game for most security firms is to be bought by the likes of Symantec, Cisco or Juniper. Less frequently start-ups grow to the point where an IPO is possible.

The AEP deal shows that a greater range of businesses – including those in the defence sector – are looking to expand their cyber-security capabilities, primarily because it might allow them to gain a slice of lucrative government net security contracts. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.