BAE snaps up Aussie info security firm

29th Nov 2010 11:09

BAE Systems has agreed to buy Australian information security company stratsec.net for A$24m (£15m) in cash. The UK defence giant said the purchase, from the three employees and the stratsec employee share trust that own the business, supports its expansion plans in that area and strategy to develop its cyber and security business in its home markets.Assuming the deal receives regulatory approval, it should close in the fourth quarter of 2010.