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.
"What's more challenging is organizations are implementing several
siloed technologies to address different risk areas, resulting in
poor visibility across the enterprise risk environment and a
disjointed, unmanageable approach to risk and compliance," Clawson
continued. "Through this acquisition, Lumension will be able to deliver
a unified solution suite that will enable companies to safeguard their
valuable assets while managing their IT risk environment in a simple
and cost-effective manner that our competitors cannot match."
Lumension is entering a growing but crowded market that features
companies such as CA, Agiliance, Oracle and MetricStream. The
acquisition of Securityworks, Lumension officials said, will
allow the company to provide more comprehensive endpoint
security solutions for key vertical markets, including health care,
public sector, financial services and retail.
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