Lumension Acquires Securityworks to Bolster Risk, Compliance Portfolio
Lumension acquires Securityworks for its risk and compliance management capabilities. The move expands the reach of Lumension's endpoint security portfolio into the health care, public sector and retail markets.Lumension has signed a definitive agreement to acquire Securityworks in a move aimed at expanding its capabilities around compliance and risk management. The financial terms of the transaction were not disclosed. According to Lumension, the acquisition is aimed at bolstering the company's portfolio of endpoint security tools by adding GRC (governance, risk and compliance) management tools into the mix. The integration of the companies' respective tools will help customers automate, manage and report on risk and compliance processes using predefined compliance and control references, officials said.
"The average organization's risk environment is becoming increasingly complex as the threat from insiders continues to intensify, growth and increasing sophistication in targeted malware and the ever-increasing number of compliance regulations companies must comply with adds a daunting layer of complexity and increased costs to today's business environment," said Pat Clawson, chairman and CEO of Lumension, in a statement.