Modernizing Authentication — What It Takes to Transform Secure Access
"Financial terms of the deal were not disclosed," writes The Austin Business Journal's Christopher Calnan. "The deal is expected to add more than 130 customers and development staff to Lumension, officials said Monday. CoreTrace -- which was founded in 2000 and moved to Austin from the Philadelphia area in 2007 -- develops antivirus software for governmental agencies and businesses."
"Key to this acquisition is the flagship CoreTrace Bouncer product, which includes adaptive application whitelisting (to prevent the execution of all unauthorized code), memory protection (to stop attackers from exploiting whitelisted applications) and risk-profiling (for all applications via cloud-based reputation services)," Infosecurity reports.
"The threat of advanced persistent attacks is growing at a significant rate," Lumension chairman and CEO Pat Clawson said in a statement. "Look at oil operators in the middle east who have suffered devastating cyber attacks. With this rise in advanced persistent threats, and weaponized malware, along with the fact that Gartner projects 50 percent of companies will be deploying 'deny all' technology by 2015, Lumension felt a strategic acquisition of CoreTrace would further equip both current and prospective customers in the ever-evolving threat landscape and cement Lumension’s leadership in next generation technologies."
"Lumension is keeping 15 of CoreTrace’s 35 employees, and it will keep that company’s Austin office, officials said. ... Lumension plans to eventually incorporate CoreTrace’s technology within its own, but for the time being will continue to maintain that company’s products," writes The Phoenix Business Journal's Patrick O'Grady.