RUAG completes acquisition of Clearswift

By Ryan Maass   |   Jan. 23, 2017 at 4:35 PM
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Jan. 23 (UPI) -- Swiss technology and defense contractor RUAG has finalized its purchase of cybersecurity developer Clearswift.

RUAG announced its acquisition of Clearswift in December 2016, effectively expanding its cybersecurity assets around the globe. The buy adds 203 additional experts to RUAG's team, with locations in Switzerland, Germany, Australia, Japan, Britain, and the United States.

"Clearswift's products for the protection of critical data are the perfect complement to RUAG's network expertise," RUAG CEO Urs Breitmeier said in a press release. "Clearswift also has a strong research and development department, a global service organisation and established international sales channels."

Breitmeier says the deal also expands its customer base to new local and national authorities, including various armed forces.

"With the new cybersecurity business unit we want to position ourselves as a provider of high-quality specialist solutions and services for the customers worldwide in various sectors," he added.

RUAG's new Cyber Security division will be headquartered in Switzerland

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