AT&T to acquire AlienVault, terms not disclosed
AT&T announced its plans to acquire AlienVault, a privately held company based in San Mateo, Calif. The agreement has been approved by both companies. The acquisition of AlienVault will enable AT&T to expand its enterprise-grade security solutions portfolio and offerings to millions of small and medium-sized businesses. AlienVault's innovative technology and security talent will help accelerate AT&T's vision of enabling organizations of all sizes with effective cybersecurity solutions. Terms of the deal were not disclosed, but it is not expected to have a material effect on AT&T's results. And it does not change the company's plans to reduce its net-debt-to-adjusted-EBITDA ratio to the 2.5x range by the end of the first year after the close of Time Warner and to its historical range by the end of the fourth year after close. The transaction is expected to close in the third quarter of 2018. The completion of this transaction is subject to customary closing conditions. Until the transaction closes, each company will continue to operate independently.