Websense shares rise after sale talk


Websense shares rise after sale talk

Simon Quicke

Websense could be getting closer to selling itself after it emerged the vendor had turned to acquisition advisors to steer it through a sale process.

According to Reuters, the security specialist known for both web and email filtering, which could have an asking price of around $1bn, has let it be known it is open to a takeover bid.Websense shares climbed by 12% on the back of the sale reports.

The vendor is reported to have appointed Qatalyst Partners, an investment bank that provides strategic advice to company boards and has a track record in helping firms go through mergers and acquisitions.

There has been widespread consolidation in the security market with Websense itself having been an active acquirer, buying SurfControl and BlackSpider.

However, trying to predict the likely suitors has become more difficult, with the Intel acquisition of McAfee showing that vendors from all parts of the market are looking to widen their security credentials.

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