Anti-virus specialist Symantec late Thursday
announced a deal to acquire privately held security consulting firm
@Stake. Financial terms of the transaction were not released.
The deal, which is expected to close in October, signals a
continuation of Symantec's multi-million-dollar shopping
spree, which included the purchase of Riptech, Inc. for an estimated
$145 million; Recourse Technologies for about $135 million; and
SecurityFocus for approximately $75 million. Reducing IT Audit Prep Time by 95% - Symantec Corp.::
Buying Programs. Licensing & Activation. Version Upgrades. Renewal Policy. License stakes The Symantec Control Compliance Suite software enables us to
http://www.symantec.com/business/library/article.jsp?aid=20071127_reducing_it_audit_prep_timeHOME |
In addition, Symantec recently made purchases in the anti-spam
sector, shelling
out $370 million to acquire Brightmail and $28
million for TurnTide.
With @Stake, Symantec gets an influential security research and
consulting firm with high-end clients in the banking and
telecommunications sectors. The company has conducted software evaluation
research for Microsoft, and it counts six of the world's
top 10 financial institutions among its client base.
@Stake, which was backed by Battery Ventures and Madison Dearborn
Partners, markets software for application protection. The company's
flagship @stake LC 5 application lets IT admins audit and recover user
and administrator passwords. It also hawks the @stake WebProxy tool
that helps software developers and security professionals test and
enhance the security of Web applications.
@stake is also known for its research work in finding and documenting
security flaws in operating systems and application software.
Once the deal closes, Symantec said it would incorporate @Stake's
products and services into its global professional services division.
 Nortel Unveils Vision, Strategy for Israeli High-Performance Net
 Busy Friday Leads to Strong Close for Net Stocks
| 
HOME