Innovative User-Access Monitoring and Control Solution Combined With Secure Firewall Positions Company to Drive Next-Generation Firewall Market
SAN JOSE, CA, Sep 03, 2008 (MARKET WIRE via COMTEX News Network) — Secure Computing Corporation (NASDAQ: SCUR), a leading enterprise gateway security company, today announced it has signed a definitive agreement to acquire [tag]Securify[/tag], a provider of identity-based monitoring solutions, for approximately $15 million plus an earn-out of up to $5 million. The purchase price is payable in cash or, at [tag]Secure Computing[/tag]’s election, partially in shares of Secure Computing common stock. The acquisition is expected to close in the fourth calendar quarter of 2008, subject to certain closing conditions.
“In the near future, the combination of our products will facilitate a seamless workflow where out-of-policy behavior can be analyzed, reported and, in combination with Secure Firewall, automatically mitigated,” said Dan Ryan, president and chief executive officer of Secure Computing. “Longer term, combining Securify’s technology with Secure Firewall will allow us to deliver a unique, next-generation firewall that enforces business policy by enabling visibility and control over applications and user access, as opposed to the current paradigm of protocols and IP addresses.”
Increasing compliance demands and insider risk mitigation, coupled with accelerated opening of the network, are shifting the focus to internal user-based access control in the enterprise. This necessitates not only true application recognition, but more granular application-specific controls to balance adherence to business/mission policy, compliance and security needs. In this environment, control and availability gaps continue to grow as infrastructure complexities increase and business change accelerates.
“Old-school firewalls inspect packets and associate ports with protocols and applications, but this is inadequate for the Web 2.0 world,” said Chris Christiansen, program vice president, Security Products and Services at IDC. “Today, most Internet traffic is dynamic and applications run across multiple ports. In this dynamic environment, enterprises worry that the increasing use of Web-based applications may be responsible for leaked data, malware infections and policy violations. With this acquisition, Secure Computing now has the necessary capabilities for next-generation firewall technology that includes application inspection and user-aware access.”
“Securify sells primarily into federal government and other high-assurance markets, including financial services. This is consistent with Secure Computing’s core firewall market, and will provide a significant opportunity to deliver complementary value across existing and future customers both domestically and internationally,” said Buck French, chief executive officer at Securify. “By joining forces with Secure Computing and building upon their strength and expertise in the firewall market, we are uniquely positioned to deliver a true next-generation security solution to help customers control user access and behavior while complying with today’s increasing audit and policy requirements.”
Summary: Driving Security Market Leadership
This combination of Secure Computing and Securify technologies will be instrumental in defining the next-generation enterprise firewall market by providing these essential capabilities:
- Application awareness and inspection that will enable organizations to monitor and control all regular and encrypted traffic going in and out of their network
- Intrusion detection and prevention (IDS/IPS) using both signature- and anomaly-based techniques.
- Global reputation and geo-location protection to provide immediate defense against zero-hour threats.
- Automatic baseline traffic discovery to help organizations understand their own typical network and application traffic patterns associated with their users.
- User- and group-based policy development and enforcement to ensure protection of key corporate resources to prevent inadvertent data leaks
These capabilities, along with the stringent application-layer common criteria certifications already awarded to Secure Firewall will make this solution crucial to all enterprises upgrading their firewall security.
Secure Computing will hold a conference call today at 4:30 p.m. EDT to discuss the acquisition. To participate in the call, dial +1 (888) 324-2880 in North America or +1 (210) 839-8792 internationally, approximately five minutes prior to the scheduled start time. The call is being simultaneously Web cast and can be accessed at the Investor Relations section of the Secure Computing Web Site at www.securecomputing.com. In addition, a telephone replay will be made available through September 10, by accessing +1 (888) 562-2895 in North America or +1 (402) 220-6516 internationally.
About Secure Computing Corporation
Secure Computing Corporation (NASDAQ: SCUR), a leading provider of enterprise gateway security, delivers a comprehensive set of solutions that help customers protect their critical Web, email and network assets. Over half the Fortune 50 and Fortune 500 are part of our more than 22,000 global customers, supported by a worldwide network of more than 2,000 partners. The company is headquartered in San Jose, Calif., and has offices worldwide. For more information, see www.SecureComputing.com.
You can also buy Secure Computing solutions by going to www.FirewallShop.com.
About Securify(R), Inc.
Securify’s identity-driven, network-based approach leverages existing infrastructures to deliver a cost-effective way to discover and control access and behavior broadly across networks as well as systems. Today, Securify’s identity-based solutions deliver real-time discovery and control across 3 million users. Over 60 global enterprises and major Federal agencies, including some of the largest and most complex networks in the world, have turned to Securify to help reduce risk, improve compliance and streamline network operations. Named as a Deloitte Fast 50/500 company, an Inc. 500 company, a Fortune Magazine “Cool Company,” and a Red Herring Magazine Top Private Security Company, venture-backed Securify is headquartered in Cupertino, CA with regional offices throughout the United States. Please visit www.securify.com to learn more.