The Channel logo


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


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.