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Vista Inks $907M Buyout of Websense

In a sign of the growing importance of cyber security, private-equity firm Vista Equity Partners agreed to acquire Websense (NASDAQ:WBSN) on Monday in a $907 million buyout that places a 29% premium on the company's shares.The go-private transaction comes as corporate America remains under near-constant assault from cyber attacks that aim to slow their websites and steal lucrative intellectual property."Vista shares a similar vision for the company, including a dedication to developing and delivering best-in-class cyber security to our customers," Websense CEO John McCormack said in a statement.Vista agreed to pay $24.75 a share in cash for Websense, representing a 29% premium over the San Diego company's close at $19.23 on Friday and a 53% premium on its 60-day average closing price.While the deal comes at a level that Websense hasn't traded at since July 2011, the stock first traded above $24 back in late 2004.Founded in 1994, Websense has more than 1,500 employees around the world a...

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