IT Security & Network Security News & Reviews: Dell, Cisco, IBM Among Top Buyers of Security Companies in 2011
There have been a number of major acquisitions in the security space in the past two years, including Hewlett-Packard purchasing ArcSight for $1.6 billion, Symantec acquiring Verisign for $1.3 billion, Apax Partners buying Sophos for $580 million in 2010, and chip giant Intel stepping into the security business by scooping up McAfee for $7.8 billion. The Intel-McAfee deal, announced in 2010 but completed in February this year, was just a hint of how traditionally nonsecurity-focused companies would snap up security companies in 2011. Sometimes a technology buy and other times a way to sign on renowned security experts, the deals signaled how organizations were prioritizing security and privacy. High-profile security breaches, malware outbreaks and privacy scandals dominated news headlines in 2011 as attackers targeted governments, small and large enterprises, and individual consumers. The Federal Trade Commission and Congress took technology companies to task over securing user privacy. Global cyber-security spending in 2011 reached $60 billion and is expected to grow 10 percent every year for the next three to five years, according to the "Cyber-Security M&A" report released by PwC recently. Below, eWEEK has put together a baker's dozen (plus one) notable security-related deals announced in 2011.
Dell announced in January it would acquire SecureWorks, which specializes in managed security, risk assessment and threat management, for $612 million to add security to its cloud capabilities. The deal would give Dell the ability to provide security consulting and managed security services to customers as part of a larger IT as a service portfolio.