MCI To Acquire NetSec For $105 Million

MCI Inc. said it will acquire privately held NetSec Inc., a provider of managed-security services to government agencies and companies in 32 countries spanning the Americas, Europe, Africa, and Asia Pacific. The acquisition will be made for about $105 million in cash.

"We're combining MCI's global assets, capital strength, and security-services portfolio with NetSec's high-end managed-security and professional-security services to create a new industry leader in the network-security space," said MCI's Jonathan Crane, executive vice president and chief strategy officer, in a statement.

MCI said it will combine NetSec's premise-based intelligence with MCI's intelligence that is more network-based. The merging of the two network technologies will bring users views of their security environment across multiple systems. The firms will also offer NetSec's Finium security-services platform.

MCI said the acquisition will accelerate its ability to deliver certain advanced security measures by more than a year.

The firms said they expect to close the transaction within 30 days.