Raytheon broadens cyber capabilities with acquisition of Foreground Security
OREANDA-NEWS. Raytheon Company (NYSE: RTN) announced it has acquired Herndon, Virginia-based Foreground Security, a leading provider of security operations centers (SOCs), managed security service solutions and cybersecurity professional services. The acquired company, which will be called Raytheon Foreground Security (RFS), accelerates Raytheon's expansion into managed security services across federal, international and commercial markets. RFS has approximately 165 employees, 85 percent who are trained cybersecurity experts.
"Raytheon Foreground Security has an exceptionally strong portfolio of solutions and proprietary technology in some of the fastest growing segments of the cybersecurity market," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services. "Importantly, they will complement and expand our cybersecurity business. Their capabilities are compelling and clearly add immediate value to our already broad cyber offerings," Wajsgras added.
Foreground Security's Virtual Security Operations Center (V-SOC) and Automated Threat Intelligence Platform (ATIP) offer unique advanced cyber monitoring, threat hunting and professional services capabilities.
"Foreground has a well-earned reputation for cutting edge, next generation capabilities in security monitoring services and proprietary 'cyber hunting' technologies," said David Amsler, founder and CEO of Foreground Security. "And now as part of Raytheon, we will have the resources and breadth to build upon these advanced capabilities and bring them to a much larger global customer set."
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass.