Lumension Announces The Completed Acquisition Of CoreTrace Corporation Asset Acquisition strengthens Lumension's software capabilities, patent/IP portfolio and leadership in the application control space
SCOTTSDALE, Ariz., Nov. 5, 2012 /PRNewswire/ -- Lumension, a global leader in endpoint management and security, today announced the completed asset acquisition of CoreTrace Corporation, an innovative application control software provider. Austin-based CoreTrace delivers solutions that prevent the execution of malware and unknown executables. The acquisition will enhance Lumension's application control feature set, grow its software and patent/IP portfolio and extend Lumension's growing customer, OEM and reseller bases.
The rise of advanced persistent attacks and weaponized malware has resulted in a new generation of widely distributed malware. In upcoming State of the Endpoint Lumension-sponsored research to be released in early December, researchers identified growing alarm among IT security professionals related to advanced persistent threats (APTs). Understanding this new threat environment, Lumension has strengthened its leadership position in the endpoint management and security space by acquiring the assets of CoreTrace Corporation, and further consolidating market share in the application control space.
"The threat of advanced persistent attacks is growing at a significant rate," said Pat Clawson, Chairman and CEO of Lumension. "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[i] that 'by 2015, more than 50% of enterprises will have instituted 'default deny' policies' that restrict the applications users can install,' 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. We are thrilled to have CoreTrace on board to continue our drive to advanced, persistent protection for organizations of all sizes."
With the acquisition of CoreTrace assets, Lumension will add more than 130 customers, key development staff, and additional OEM and reseller partners.
- Lumension acquires key IP and patent portfolio from CoreTrace.
- Lumension will likely integrate key aspects of CoreTrace's technology into Lumension® Application Control and continue to offer Lumension Application Control through the Lumension Endpoint Management Security Suite.
- Lumension will continue to provide technical and support services to CoreTrace's current application control commercial customers.
- Lumension will provide existing CoreTrace customers with a seamless upgrade path to Lumension's endpoint management platform once key features of the CoreTrace technology are integrated.
- Lumension will likely continue to offer the CoreTrace Bouncer® product through existing commercial sales channels.
A financial analyst briefing will be held at 11:30 a.m. EST on Wednesday, Nov. 7. RSVP is required; please contact Kim Doyle at firstname.lastname@example.org or 480-444-1229 for dial-in instructions.
Additional Acquisition Resources:
Lumension Security, Inc., a global leader in endpoint management and security, develops, integrates and markets security software solutions that help businesses protect their vital information and manage critical risk across network and endpoint assets. Lumension enables more than 5,100 customers worldwide to achieve optimal security and IT success by delivering a proven and award-winning solution portfolio that includes Vulnerability Management, Endpoint Protection, Data Protection, Antivirus and Reporting and Compliance offerings. Lumension is known for providing world-class customer support and services 24x7, 365 days a year. Headquartered in Scottsdale, Arizona, Lumension has operations worldwide, including Texas, Florida, Ireland, Luxembourg, the United Kingdom, Australia and Singapore. Lumension: IT Secured. Success Optimized.™ More information can be found at www.lumension.com.
CoreTrace provides the most advanced threat protection for physical and virtual Windows servers, desktops and laptops, as well as Linux enterprise servers. The Company's flagship solution, CoreTrace Bouncer®, protects customers' most valuable intellectual property and systems by preventing the most advanced threats. Bouncer's advanced threat protection is based upon adaptive application whitelisting to prevent the execution of all unauthorized code, memory protection to stop attackers from exploiting whitelisted applications and risk-profiling of all applications via cloud-based reputation services.
[i] Predicts 2012: Sophisticated Attacks, Complex IT Environments and Increased Risks Demand New Approaches to Infrastructure Protection; By Ray Wagner, Mark Nicolett, Lawrence Orans, John Pescatore, Kelly M. Kavanagh Peter Firstbrook, Neil MacDonald, Rob McMillan, Joseph Feiman; Nov. 29, 2011