ST. PAUL, Minn. -- Shavlik Technologies, LLC a leading security policy compliance and automated vulnerability management provider, and St. Bernard Software, Inc. (OTCBB: SBSW), a global provider of comprehensive security, continuity and collaboration solutions for small and midsize businesses (SMBs), today announced they have finalized an agreement for Shavlik to acquire all rights to the UpdateEXPERT® product line from St. Bernard. Shavlik acquires the product line and assumes full responsibility for service and support for all existing UpdateEXPERT customers and products.
As a result of this acquisition, Shavlik is in a position to establish itself as the industry's leading "Patching and Remediation" vendor, according to research from IDC's recently released Worldwide Security and Vulnerability Management Software report1. Shavlik and UpdateEXPERT bring together two of the industrys leading solutions for patch and remediation both of which excel at providing comprehensive and non-intrusive assessment, expansive security databases, and integrated security configuration, policy and compliance management.
This acquisition is very positive for both UpdateEXPERT customers and our existing customers as it demonstrates our commitment and continued investment in providing superior technology solutions for a growing market segment, said Mark Shavlik, CEO of Shavlik Technologies. We will work hard to ensure all of our new UpdateEXPERT customers receive the same high level of support Shavliks current customers have come to expect from us. As IDCs new report indicates, the security and vulnerability management market is estimated to grow nearly 17 percent annually to $3.4 billion by 2010. Adding UpdateEXPERT to our current product offerings means Shavlik Technologies is prepared to lead this market and expand our share through the roll out of new solutions that simplify policy management and compliance requirements for our customers.