Mitsubishi Electric acquires cybersecurity provider Nozomi Networks for $883M

Cybersecurity company Nozomi Networks Inc. today announced that it has agreed to be acquired by Mitsubishi Electric Corp., a major supplier of industrial equipment. The deal values Nozomi at about $1 billion. The sum comprises $883 million that Mitsubishi Electric will pay as part of the acquisition and about $117 million worth of shares it […]

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