Lumension Acquires Securityworks to Bolster Risk, Compliance Portfolio
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.