(Bloomberg News) -- Raytheon Co. is investing $1.57 billion to create a new cybersecurity company with private-equity firm Vista Equity Partners LLC as the defense contractor seeks to capitalize on emerging threats to private data and broaden its customer base in the business world.
The new firm will combine Raytheon’s cyber products unit with Websense Inc., which Raytheon agreed to acquire from Vista as part of the transaction announced Monday. The deal comes as demand for cybersecurity has soared following successful hacking breaches of Sony Corp., Target Corp. and JPMorgan Chase & Co.
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