Wednesday, March 16, 2011

Websense Shares Soar After Report It's Exploring Sale

Shares of Websense, Inc. (NASDAQ: WBSN) rallied more than 10% on Wednesday after the Wall Street Journal reported that the web security software company is exploring a sale with the aid of investment bank Qatalyst Partners. San Diego-based Websense has a market capitalization of $826 million and could fetch around $1 billion in a sale, the Journal said, citing people familiar with the matter. Websense makes software that filters Web content, and companies frequently install it on employee computers to block access. Stay tuned for more.

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