Risk
9/21/2010
01:51 PM
50%
50%

Accuvant Acquires Cybersecurity Firm Ciphent

Purchase by security consulting firm aims to grab a share of increased spending by federal agencies.




Slideshow: Next Generation Defense Technologies
(click for larger image and for full photo gallery)
Security consulting firm Accuvant announced Monday that it's acquired cybersecurity firm Ciphent. Terms of the deal were not disclosed, but Ciphent's CEO and chief operating officer will become part of Accuvant's management team, which consists of vice presidents. At least initially, Ciphent will also operate as a wholly owned subsidiary of Accuvant.

Accuvant provides information risk and compliance management; resells, implements, and manages security technology; and provides security research and assessment through its Accuvant Labs. Ciphent will add secure software development -- especially for project implementations -- plus a security operations center, managed services, online training, and support. In addition, the move buys Accuvant a number of government clients, as half of Ciphent's customers are federal agencies.

Both firms have been growing rapidly. "Independently, Accuvant and Ciphent have been two of the fastest growing cybersecurity companies for years," said James C. Foster, CEO for Ciphent. Both firms were featured on the 2010 Inc. magazine list of the fastest-growing companies in the United States. Ciphent, in fact, ranked 16th, reporting a three-year growth of 8,907%, to reach 2009 revenue of $9.3 million. The combined Accuvant expects to earn $250 million in revenue for 2010.

The information security market is hot, as evidenced by a recent wave of security acquisitions. "Security as a market is growing, certainly that's true for the commercial sector, and also in the public sector," said Scott Walker, Accuvant's VP of strategic planning, who's in charge of the company's mergers and acquisitions. "Cybersecurity within the federal government is one of the top defense concerns, and you hear the Obama administration talk about making major investments in the national information infrastructure."

But what accounts for the two firms' growth rates in particular? "Ciphent and Accuvant are growing fast because consumers -- be it federal agencies or large enterprises -- are bombarded with a very confusing landscape, you have a growing list of threats, a ton of regulations, and a slew of different vendors promising to solve all of your problems," said Walker. "If you're a chief information officer, it's very difficult to know what to do about all of that complexity."

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading Tech Digest, Dec. 19, 2014
Software-defined networking can be a net plus for security. The key: Work with the network team to implement gradually, test as you go, and take the opportunity to overhaul your security strategy.
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2010-5075
Published: 2014-12-27
Integer overflow in aswFW.sys 5.0.594.0 in Avast! Internet Security 5.0 Korean Trial allows local users to cause a denial of service (memory corruption and panic) via a crafted IOCTL_ASWFW_COMM_PIDINFO_RESULTS DeviceIoControl request to \\.\aswFW.

CVE-2011-4720
Published: 2014-12-27
Hillstone HS TFTP Server 1.3.2 allows remote attackers to cause a denial of service (daemon crash) via a long filename in a (1) RRQ or (2) WRQ operation.

CVE-2011-4722
Published: 2014-12-27
Directory traversal vulnerability in the TFTP Server 1.0.0.24 in Ipswitch WhatsUp Gold allows remote attackers to read arbitrary files via a .. (dot dot) in the Filename field of an RRQ operation.

CVE-2012-1203
Published: 2014-12-27
Cross-site request forgery (CSRF) vulnerability in starnet/index.php in SyndeoCMS 3.0 and earlier allows remote attackers to hijack the authentication of administrators for requests that add user accounts via a save_user action.

CVE-2012-1302
Published: 2014-12-27
Multiple cross-site scripting (XSS) vulnerabilities in amMap 2.6.3 allow remote attackers to inject arbitrary web script or HTML via the (1) data_file or (2) settings_file parameter to ammap.swf, or (3) the data_file parameter to amtimeline.swf.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Join us Wednesday, Dec. 17 at 1 p.m. Eastern Time to hear what employers are really looking for in a chief information security officer -- it may not be what you think.