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
-- 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.