Vista Equity Partners to Buy Websense
Buyout firm Vista Equity Partners agreed to pay about $1 billion to acquire Websense Inc., a maker of software and services designed to help protect companies against cyber attacks and data theft.
Under the terms of the agreement, Websense stockholders will receive $24.75 in cash for each share of Websense common stock they hold, representing a premium of approximately 29 percent over Websense’s Friday closing price and a 53 percent premium to Websense’s average closing price over the past 60 days. The Websense board of directors unanimously backed the deal.