Websense Acquired By Vista Equity Partners For $1 Billion

San Diego-based security software developer Websense announced this morning that it has signed a definitive agreement to be acquired by private equity firm Vista Equity Partners. The deal is worth approximately $1 billion. Websense said Vista Equity Partners will pay $24.75 per share in cash for the company. Websense said the deal is an approximate premium of 29 percent over the firm's Friday closing price. Websense said it will remain in San Diego, under its current senior management.