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Raytheon Technologies Selling Forcepoint Cyber Business To Investment Firm

Cal Biesecker By
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Raytheon Technologies Selling Forcepoint Cyber Business To Investment Firm

Raytheon Technologies [RTX] on Monday said it has agreed to sell its commercial cyber security business Forcepoint to the investment firm Francisco Partners, ending a five-year run with the business unit that struggled to be profitable as part of a major defense company. Terms of the deal were not disclosed. The former Raytheon Co. acquired an 80 percent stake in Websense in 2015 for $1.9 billion and, after combining it with some smaller cyber security businesses, renamed it Forcepoint. In…

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