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MCI Acquires Managed Security Provider. 2005-01-20, HostMan.biz Telecommunications firm MCI (mci.com) announced on Thursday that it had reached an agreement to acquire managed security service provider NetSec Inc. for approximately $105 million in cash. MCI says the new addition will offer customers an advanced managed and professional security services designed to protect critical company information assets and provide strong security defense. The acquisition, says MCI, speeds up the development of the company's security services by more than a year. According to MCI, NetSec specializes in delivering managed security services to US government agencies, as well as some of the largest companies in the world. The firm has security monitoring and management capabilities in 32 countries across America, Europe, Africa and Asia Pacific. "This acquisition accelerates MCI's strategy to deliver next generation IP-based security services to our business and government customers," says 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." The deal is expected to close within the next 30 days.

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