Ashburn, Virginia., and Herndon, Virginia (ots/PRNewswire) -
- Deal Strengthens MCI's Security Leadership Serving Large
Corporate and Government Customers
MCI, Inc. (Nasdaq: MCIP) and NetSec, Inc., a privately-held
provider of managed security services, today announced an agreement
under which MCI will acquire NetSec, Inc., for approximately US$105
million in cash.
The combination gives global and government customers the most
advanced managed and professional security services available to help
them protect critical company information assets and provide them
with the strongest security defense. The acquisition accelerates
MCI's ability to deliver advanced security services by more than a
year, further enabling it to meet the complex security requirements
of its high-end customers worldwide. The companies expect to close
the transaction within 30 days.
NetSec, one of the fastest growing managed security services
providers, is a leader in delivering managed and professional
security services to the top U.S. government agencies and some of the
largest companies in the world. With security monitoring and
management capabilities in 32 countries spanning the Americas,
Europe, Africa and Asia Pacific, NetSec's advanced product suite
allows MCI to further address the full spectrum of security
requirements, creating additional value for its largest global and
"This acquisition accelerates MCI's strategy to deliver next
generation IP-based security services to our business and government
customers," said Jonathan Crane, MCI executive vice president and
chief strategy officer. "We're combining MCI's global assets, capital
strength and security services portfolio with NetSec's high-end
managed security and professional security services to create a new
industry leader in the network security space."
"MCI and NetSec have a shared vision of providing innovative
network and security services to customers that address the
compliance and risk management challenges they face now and in the
future," said Glenn Hazard, NetSec chairman and chief executive
officer. "MCI and NetSec together will accelerate this vision."
MCI plans to combine its network-based intelligence with NetSec's
premise-based intelligence to provide customers an unprecedented view
of their security environment across multiple systems and devices.
The Company also intends to extend the strength of NetSec's Finium
security services platform to global and government customers who
want to bolster their security defenses.
While this acquisition positions MCI to focus additional resources
on one of the fastest growing segments of the security market, it is
complementary to its existing strategic security partnerships.
MCI, Inc. (Nasdaq: MCIP) is a leading global communications
provider, delivering innovative, cost-effective, advanced
communications connectivity to businesses, governments and consumers.
With the industry's most expansive global IP backbone, based on the
number of company-owned points of presence, and wholly-owned data
networks, MCI develops the converged communications products and
services that are the foundation for commerce and communications in
today's market. For more information, go to http://www.mci.com .
NetSec is a leading provider of managed and professional security
services for global corporations and government agencies. With a
vendor-neutral approach to the lifecycle security needs of a
customer, NetSec offers a suite of security services powered by
Finium, a co-managed platform operated via a 24x7 disaster-resilient
security operations center that continuously monitors, analyzes, and
mitigates security risk with the customer. By delivering unsurpassed
expertise to help organizations plan and measure their security
programs, establish and monitor compliance, and optimize security
infrastructure operations, NetSec has gained recognition in both the
U.S. federal and global marketplaces.
Five of the 10 largest companies in the world and nine of the 15
executive departments in the U.S. government rely on NetSec, making
it one of the fastest growing providers of managed security services.
Founded in 1998 by former government security experts, NetSec is a
privately held company with headquarters in Herndon, Virginia and
London. For more information, visit http://www.netsec.net .
Web site: http://www.netsec.net
ots Originaltext: MCI, Inc.
Im Internet recherchierbar: http://www.newsaktuell.ch
Media: Brad Burns or Peter Lucht of MCI, +1-800-644-NEWS; or Ruby
Qurashi of NetSec, +1-703-788-6247; or Tony Welz of Welz and Weisel,
+1-703-338-7950; or Investors: Susan Watson of MCI, +1-703-886-5282