Raytheon In Talks To Buy Vista Equity's Websense : Report

(RTTNews) - Raytheon Co. (RTN) is in talks to acquire network-security company Websense Inc From private-equity firm Vista Equity Partners LLC, Bloomberg reported citing people familiar with the matter.

A deal could be reached as soon as this month, the report said.

Last week, Bloomberg reported that Vista Equity Partners LLC hired Citigroup Inc. to help it find a buyer for network-security company Websense Inc. Websense would be valued at more than $1 billion.

Vista reportedly acquired Websense for about $890 million in 2013.

Websense makes software that blocks websites and lets companies inspect network traffic and filter e-mails for security and hacking threats. Companies are turning to Internet security providers to protect against increasing threats of cyber attacks.

Websense was founded in 1994 as NetPartners, a reseller of firewalls and other network-security products. It moved its headquarters to Austin, Texas, from San Diego last year.