| PatchLink Corporation to Acquire SecureWave SA |
SCOTTSDALE, Ariz. - June 19, 2007 - PatchLink® Corporation, the worldwide leader in vulnerability management solutions, today announced that terms for the acquisition of SecureWave SA, a leading provider of endpoint security products to more than 1,700 companies worldwide, have been agreed to in an all-stock merger. The merger transaction is subject to the approval of SecureWave shareholders and is expected to be completed in 14-30 days. The combination of these Common Criteria certified offerings creates the industry's first comprehensive security platform for unified protection and control of all enterprise servers and endpoints. The acquisition follows closely on the heels of PatchLink's February, 2007 acquisition of Harris STAT.
"Through significant organic growth and strategic acquisitions, PatchLink is evolving into a global provider of security solutions for the world's largest and most demanding IT environments," said Pat Clawson, PatchLink Chairman and CEO. "We believe PatchLink is now poised to capitalize on a significant market opportunity as the de facto provider of policy-based enterprise security solutions."
SecureWave Sanctuary provides unified policy enforcement for centrally managing and monitoring device and application use to protect against data leakage and malware threats. By employing a positive security model, Sanctuary enables only authorized applications to run and only authorized devices to connect to laptops, PCs, servers, terminal services servers and thin clients. These capabilities, combined with PatchLink's vulnerability management solutions, provide organizations with enterprise-wide policy management to assess and prioritize vulnerabilities, proactively enforce application and device security policies, and automatically patch and remediate vulnerabilities across their entire IT infrastructures.
"The technical and geographic synergies between the two companies made this a logical next step in moving towards unified protection and control that cuts across multiple departments within an enterprise," said Bob Johnson, CEO of SecureWave. "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."
"Reactive security drives a maddening environment of ad hoc and emergency updates to signatures, patches and security policies. However, organizations realize that proactive security measures are the best way to maintain a consistent level of security risk management." said IDC Research Director, Charles Kolodgy. "This emphasis on fixing problems before they occur will create a significant market for integrated security policy and remediation management. A proactive stance will also reduce security risk across the enterprise. PatchLink's acquisition of SecureWave provides solutions to reduce risk."
As part of the agreement, Mangrove Capital Partners, an original investor in Skype and the primary shareholder in Securewave SA, will be given a seat on the PatchLink board.
About PatchLink
PatchLink® is the global leader for security patch and vulnerability management solutions, delivering comprehensive, multi-platform assessment and remediation for continuous protection across the enterprise. Offering the most comprehensive platform and application support, PatchLink maintains the largest tested and most up-to-date security patch repository, enabling organizations to accurately assess and remediate vulnerabilities based on established industry best practices. Currently protecting thousands of commercial and government organizations and millions of PCs and servers worldwide, PatchLink effectively eliminates vulnerability risks and enforces security and compliance policies while reducing overall IT costs. PatchLink is headquartered in Scottsdale, Arizona and was founded in 1991 by Sean Moshir.
About AfricaSD
AfricaSD is the Sub-Saharan Patchlink distributor, and always offers customers and reseller partners the very best security awareness, forums, consulting, and security training certifications. AfricaSD focuses on forming long-lasting partnerships with its clients, from initial assessment, to implementation and ongoing support. AfricaSD works side-by-side with its clients throughout the entire technology life cycle and is proud of its large customer base, which includes several sub-Saharan SME's, enterprises and government departments. True 24 x 7 x 365 support is available on all AfricaSD total e-security solutions. The firm's technical staff are fully certified and trained on the entire product range and offer a combination of one-to-one help and a wealth of technological resources. For further information, visit the company's website www.africasd.com or contact them on +27 (0) 12 665-2513, or at asd@africasd.com.
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