ST. LOUIS, July 8 (UPI) -- Boeing has entered into an acquisition agreement with software company Narus as it continues to grow its cybersecurity business.
Boeing said Wednesday the acquisition of the California provider of real-time network traffic and analytics software follows a successful partnership between the two companies.
"This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection and cybersecurity," said Roger Krone, president of Boeing Network & Space Systems, a unit within Boeing Defense, Space & Security. "Narus' innovative employees and unique capabilities to secure complex networks will be a significant benefit to Boeing and our customers."
Narus is a privately held company with about 150 employees. Details of the acquisition weren't disclosed but it is expected to be completed by the end of this year, after which time Narus will operate within Boeing's Network & Space Systems business as a wholly owned subsidiary.
Boeing said that as part of the Boeing team Narus won't only support cyber activities within Network & Space Systems but its network-centric technology will be applied to Boeing's smart grid energy work, the secure networking of Boeing's ground, air and space products and the defense of the Boeing network.