MCI To Acquire Managed Security Company NetSec

MCI, Inc. (www.mci.com) and NetSec, Inc. (www.netsec.net), a privately-held provider of managed security services, today announced an agreement under which MCI will acquire NetSec, Inc., for approximately $105 million in cash.

"MCI and NetSec have a shared vision of providing innovative network and security services to customers that address the compliance and risk management challenges they face now and in the future," said Glenn Hazard, NetSec chairman and chief executive officer. "MCI and NetSec together will accelerate this vision."

The combination gives global and government customers the most advanced managed and professional security services available to help them protect critical company information assets and provide them with the strongest security defense.

With security monitoring and management capabilities in 32 countries spanning the Americas, Europe, Africa and Asia Pacific, NetSec's advanced product suite allows MCI to further address the full spectrum of security requirements, creating additional value for its largest global and government customers.

"This acquisition accelerates MCI's strategy to deliver next generation IP-based security services to our business and government customers," said Jonathan Crane, MCI executive vice president and chief strategy officer.

"We're combining MCI's global assets, capital strength and security services portfolio with NetSec's high-end managed security and professional security services to create a new industry leader in the network security space."

MCI plans to combine its network-based intelligence with NetSec's premise-based intelligence to provide customers an unprecedented view of their security environment across multiple systems and devices.

The Company also intends to extend the strength of NetSec's Finium security services platform to global and government customers who want to bolster their security defenses.

While this acquisition positions MCI to focus additional resources on one of the fastest growing segments of the security market, it is complementary to its existing strategic security partnerships.