Belden, a St. Louis-based publicly-traded communications equipment company, today announced the $710 million acquisition of Portland-based cybersecurity company Tripwire.
Tripwire is one of Portland’s longest-standing tech companies. It was founded in 1997 and nearly filed for an IPO in 2010 before selling to a private equity firm. The company offers a bevy of products and services related to online security threats.
Belden, meanwhile, is a 112-year-old company that manufactures everything from industrial networking equipment to enclosures. Belden employs 6,800 worldwide and made more than $85 million in profit during Q3.
“We look forward to incorporating Tripwire technology into selected Belden products and providing Tripwire with access to existing Belden customers that are anxious to improve the robustness and security of their networks,” Belden CEO John Stroup said in a statement. “This positions Belden as a leader in helping customers deploy and secure the ‘Internet of Things.'”
