Boeing signs agreement to acquire major cyber security firm

US aircraft builder Boeing today announced an agreement to acquire cyber-security firm, Narus Networks, which has a large base in India, to provide protection from cyber attacks and get integrated solutions to tackle them.

Based in California and having a strong presence in Bangalore, Narus is a leading provider of real-time network traffic and analytics software used to protect against cyber attacks and persistent threats aimed at large Internet Protocol networks.    

The acquisition is expected to close during the third quarter of this year, a Boeing spokesperson said, not revealing the deal amount.

"In recent years, the need for cyber security has dramatically increased across the world and in India," Boeing India President Dinesh Keskar said.

"Combining the modelling and simulation capabilities Boeing has here in India with Narus' technical capabilities, demonstrates our commitment to designing and securing customer networks in order to protect vital information.

"With this acquisition, we have further diversified and strengthened our portfolio here, which makes this yet another milestone in Boeing's deepening engagement in India," Keskar said.

"This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection, and cyber security," said Roger Krone, President of Boeing Network and Space Systems (BNSS).
     
In addition to supporting cyber activities within Boeing BNSS, Narus' network-centric technology would also be applied to Boeing's smart grid energy work, which is the secure networking of its ground, air and space products.

Narus Senior Vice President Yogi Mistry said, "Our team is dedicated to meeting the Indian government's requirements for visibility of IP traffic across networks that span the country".

Last year, Boeing had announced the opening of its Boeing Research and Technology-India centre in Bengaluru as well as the joint development with Bharat Electronics Limited of an analysis and experimentation centre in India.