
Raytheon [RTN] on Monday said it will be forming a new business segment focused on the commercial cyber security market through its $1.9 billion pending acquisition of a majority share in information security provider Websense, a portfolio company of the private equity firm Vista Equity Partners.The new business segment that will be built around Websense will be a joint venture between Raytheon and Vista, which will retain a nearly 20 percent ownership stake in the arrangement through a $335 million…