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PatchLink Corporation To Acquire SecureWave SA

  • 19 June, 2007 16:15

<p><i>Acquisition Creates the Industry’s First Comprehensive Security Platform for Unified Protection and Control; Combined Global Operations Services more than 5,000 Customers</i></p>
<p>PatchLink® Corporation, the worldwide leader in vulnerability management solutions, today announced that terms for the acquisition of SecureWave SA, a leading provider of endpoint security products to more than 1,700 companies worldwide, have been agreed to in an all-stock merger. The merger transaction is subject to the approval of SecureWave shareholders and is expected to be closed in the following weeks. The combination of these Common Criteria certified offerings creates the industry’s first comprehensive security platform for unified protection and control of all enterprise servers and endpoints. The acquisition follows closely on the heels of PatchLink’s February 2007 acquisition of Harris STAT.</p>
<p>“Through significant organic growth and strategic acquisitions, PatchLink is evolving into a global provider of security solutions for the world’s largest and most demanding IT environments,” said Pat Clawson, Chairman and CEO of PatchLink. “We believe PatchLink is now poised to capitalise on a significant market opportunity as the de facto provider of policy-based enterprise security solutions.”</p>
<p>SecureWave Sanctuary provides unified policy enforcement for centrally managing and monitoring device and application use to protect against data leakage and malware threats. By employing a positive security model, Sanctuary enables only authorised applications to run and only authorised devices to connect to laptops, PCs, servers, terminal services servers and thin clients.</p>
<p>These capabilities, combined with PatchLink’s vulnerability management solutions, provide organisations with enterprise-wide policy management to assess and prioritise vulnerabilities, proactively enforce application and device security policies and automatically patch and remediate vulnerabilities across their entire IT infrastructures.</p>
<p>“The technical and geographic synergies between the two companies made this a logical next step in moving towards unified protection and control that cuts across multiple departments within an enterprise,” said Bob Johnson, CEO of SecureWave. “This combination provides our customers and our partners with a best-of-breed product portfolio based on the positive security model that consolidates infrastructure, unifies management and administration, lowers cost of ownership and provides end-to-end risk reduction.”</p>
<p>“Reactive security drives a maddening environment of ad hoc and emergency updates to signatures, patches and security policies. However, organisations realise that proactive security measures are the best way to maintain a consistent level of security risk management,” said IDC Research Director, Charles Kolodgy. "This emphasis on fixing problems before they occur will create a significant market for integrated security policy and remediation management. A proactive stance will also reduce security risk across the enterprise. PatchLink’s acquisition of SecureWave provides solutions to reduce risk.”</p>
<p>As part of the agreement, Mangrove Capital Partners, an original investor in Skype and the primary shareholder in Securewave SA, will be given a seat on the PatchLink board of directors.</p>
<p><b>About PatchLink® Corporation </b></p>
<p>PatchLink, the global leader in vulnerability management solutions, provides the industry’s first comprehensive security platform for unified protection and control of all enterprise servers and endpoints. More than 5,000 organisations around the globe use PatchLink positive security model solutions to unify management and administration, consolidate infrastructure, enforce enterprise-level policies, lower cost of ownership and reduce risk. PatchLink is headquartered in Scottsdale, Arizona and was founded in 1991.</p>
<p>© 2007 PatchLink Corporation. All rights reserved. PatchLink, SecureWave, the PatchLink logo, and the PatchLink and Sanctuary product names and logos are either registered trademarks or trademarks of PatchLink Corporation. In addition, other companies' names and products mentioned in this document, if any, may be either registered trademarks or trademarks of their respective owners.</p>

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