Forwarded From: "Spencer, Will" <wspencerat_private> L-3 ACQUIRES TRIDENT TO BOOST CIVIL IT PROTECTION BUSINESS (Defense Daily; 08/21/98) Aug. 21, 1998 (DEFENSE DAILY, Vol. 200, No. 2 via COMTEX) -- L-3 Communications [LLL] yesterday said it acquired, for an undisclosed sum, a commercial network security business from the privately-held Trident Data Systems to bolster L-3 s civil and government information technology protection business. The business, Trident Information Protection Toolbox, will become part of L-3 s newly-founded subsidiary, L-3 Communications Secure Information Technology. "Network and information security is a number-one concern for corporations today and an $11 billion market worldwide," Frank Lanza, L-3 s chairman and CEO, said in a statement. "As more and more threats proliferate, Toolbox gives L-3 Communications the capability to provide our commercial customers with sophisticated network management technologies successfully proven in the highly demanding defense industry." The new, wholly-owned subsidiary will be composed of the commercial applications of the company s current secure voice and fax communications systems, as well as the newly-formed Network Security Systems subsidiary--part of which will be Toolbox-- in which Trident will maintain a small stake. "L-3 Communications is an established leader in the market for secure voice, data, and fax communications for the military. Many banks, financial institutions and industrial customers have expressed an interest in the commercial application of these proprietary technologies," Lanza added. "With the addition of Toolbox, L-3 can now help corporate clients guard against a variety of internal and external threats with a full complement of network, communications and data protection products. Cress Carter, chief of Toolbox, will join L-3 and guide efforts to expand the business, Lanza said. One day before disclosing the Toolbox acquisition, L-3 concluded its $230 million cash acquisition of SPD Technologies, the leading producer of power systems for military ships. "The addition of SPD has significantly increased our product and subsystem base for domestic and foreign navies," Lanza said in a statement. "The acquisition of SPD is consistent with our strategy of finding companies that are either number one or two in their markets, are strategic to their customers, have a strong management team and help us provide more value to our customers." L-3 said it would acquire SPD July 6 (Defense Daily, July 7). -o- Subscribe: mail majordomoat_private with "subscribe isn". Today's ISN Sponsor: Repent Security Incorporated [www.repsec.com]
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