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.
-
Bigger salaries, more burnout: Is the CISO role in crisis?In-depth CISOs are more stressed than ever before – but why is this and what can be done?
-
Cheap cyber crime kits can be bought on the dark web for less than $25News Research from NordVPN shows phishing kits are now widely available on the dark web and via messaging apps like Telegram, and are often selling for less than $25.
-
Capita tells pension provider to 'assume' nearly 500,000 customers' data stolenCapita told the pension provider to “work on the assumption” that data had been stolen
-
Gumtree site code made personal data of users and sellers publicly accessibleNews Anyone could scan the website's HTML code to reveal personal information belonging to users of the popular second-hand classified adverts website
-
Pizza chain exposed 100,000 employees' Social Security numbersNews Former and current staff at California Pizza Kitchen potentially burned by hackers
-
83% of critical infrastructure companies have experienced breaches in the last three yearsNews Survey finds security practices are weak if not non-existent in critical firms
-
Identity Automation launches credential breach monitoring serviceNews New monitoring solution adds to the firm’s flagship RapidIdentity platform
-
Neiman Marcus data breach hits 4.6 million customersNews The breach took place last year, but details have only now come to light
-
Indiana notifies 750,000 after COVID-19 tracing data accessedNews The state is following up to ensure no information was transferred to bad actors
-
Pearson fined $1 million for downplaying severity of 2018 breachNews The SEC found the London-based firm made “misleading statements and omissions” about the intrusion
