The Channel logo

News

By | Paul Kunert 4th February 2013 10:02

US giant Juniper bites off webby arm of Basingstoke's security boys

Webscreen sale nets $10m for Brit security player Accumuli

Brit managed security services player Accumuli has sold its Webscreen Systems Ltd (WSL) subsidiary to US giant Juniper Networks for $10m (£6.37m).

AIM-listed Accumuli picked up DDoS software maker WSL as part of the Boxing Orange acquisition it made in March 2011, a deal which cost it £5.48m in total - meaning that outlay has been more than covered.

As a result of the sale, Accumuli will retain rights to resell the software but hand development of the tech to a firm with a global platform.

"Accumuli's decision to divest the WSL business will allow the company to focus on its core strategy and competencies," said Gavin Lyons, CEO at Basingstoke-based Accumuli.

He said the cash haul from the sale gives Accumuli the funds to build market share in the security services sector and develop its intellectual property and platform.

Juniper veep of counter security David Koretz said in a scanned statement the buy gives Juniper another tool to protect "customers and their data centre".

WSL has only four full-time staffers, including three techies and a sales bod, all of whom will transfer with the business to the new owners. ®

alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers
single pain of glass