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CEO of Raytheon’s Forcepoint eyes IPO -Boersen-Zeitung (RTN)

FRANKFURT, Jun 24 (Reuters) – U.S. barb builder Raytheon’s
cybersecurity section could flower were it to be listed
separately, a conduct of a unit, Forcepoint, told German
business daily Boersenzeitung in an talk published on
Saturday.

“Raytheon has undertaken that Forcepoint will grasp for
civilian cyber counterclaim what Raytheon does for a counterclaim of
nation states, and we consider that we could unleash enormous
potential in a association around a batch sell listing,” Matthew
Moynahan said.

He pronounced it was a small early to anticipate such a move,
though, according to a newspaper.

Raytheon bought an 80 percent interest in Forcepoint, then
known as Websense, from private equity organisation Vista in 2015 for
$1.9 billion and total it with a possess cybersecurity
operations. Vista owns a other 20 percent.

Vista retains a right to exit a corner venture, including
by requiring Raytheon to buy a 20 percent interest or by
Forcepoint’s posterior an IPO.

Forcepoint done sales of $566 million and handling income
of $51 million in 2016.
(Reporting by Georgina Prodhan; modifying by John Stonestreet)

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