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.
Key Facts:
- 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
kim.doyle@lumension.com or 480-444-1229 for dial-in
instructions.
Additional Acquisition Resources:
- www.lumension.com/coretrace
Supporting Resources:
- Optimal Security Blog
- Lumension on Twitter
About Lumension
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.
About CoreTrace
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
Contacts:
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Kim
Doyle
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Jason
Deal
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Lumension
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Lois
Paul and Partners
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(480)
444-1229
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(512)
784-7103
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kim.doyle@lumension.com
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jason_deal@lpp.com
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SOURCE Lumension