Ultra Electronics Buys Security Appliance Firm AEP Networks

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UK-based Ultra Electronics has acquired security appliance company AEP Networks in a deal worth up to $75 million.

"Ultra Electronics agreed to pay $57.5m plus a further $17.5m, depending on sales figures, for the remote appliance firm," writes The Register's John Leyden.

"AEP Networks specialises in SSL VPN appliances that allow workers to securely connect into corporate applications and databases without the need to install client software on every PC, thus saving money," Leyden writes.

Go to "Defence firm Ultra goes cyber with AEP buy" to read the details.

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