PatchLink snaps up SecureWave
By Rene Millman,
Patch management company PatchLink has bought out endpoint security company SecureWave for an undisclosed sum.
The transaction is subject to shareholder approval and is expected to close in within the next few weeks. Part of the agreement will see Mangrove Capital Partners, the primary shareholder in SecureWave, given a seat on PatchLink's board of directors.
The deal means that PatchLink gets its hands on SecureWave's endpoint security product Sanctuary, which provides unified policy enforcement for centrally managing and monitoring devices and application against data leakage and malware.
In a statement PatchLink said that the tie up would enable the company to offer "enterprise-wide policy management to assess and prioritise vulnerabilities".
"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," said SecureWave's chief executive Bob Johnson.
Analysts said that reactive security meant that many organisations took an ad hoc approach to patching and policies but are realising that proactive security measures are the best way to maintain a consistent level of security risk management.
"This emphasis on fixing problems before they occur will create a significant market for integrated security policy and remediation management," said IDC Research director Charles Kolodgy.
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