Feeds

Defence firm Ultra goes cyber with AEP buy

Slings military might into cyberwarfare

Intelligent flash storage arrays

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
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.
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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.