Lumension Acquires Securityworks to Deliver an Integrated Approach to Risk and Compliance Management

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Mon Apr 20, 2009 9:00am EDT

  SCOTTSDALE, AZ, Apr 20 (MARKET WIRE) -- 
Lumension (R), a global leader in security management, announced today
that it has signed a definitive agreement to acquire the assets of
Securityworks, Inc. ("Securityworks"), a Dallas, Texas-based provider of
compliance and risk management solutions for the IT Governance, Risk and
Compliance (GRC) market. Terms of the transaction were not disclosed.

    The acquisition strengthens Lumension's leadership position in operational
endpoint security by extending end-to-end compliance and risk management
capabilities to its existing solution portfolio. By integrating the IT
compliance and risk management capabilities of Securityworks with
Lumension's operational endpoint security solution suite, Lumension is
positioned to deliver a total, integrated solution suite that enables
enterprises to immediately identify their business risks within the
context of compliance regulations such as PCI, HIPAA, and Sarbanes Oxley,
and automatically assess this risk and apply targeted risk remediation
while automating compliance audit and reporting. Lumension is now in a
position to offer security solutions to customers that will enhance
automation, reduce the cost of compliance by 30-50 percent or more,
improve availability of IT assets, and optimize risk management
throughout the IT network.(1)

    Companies today face a unique set of business challenges -- reduced IT
resources, growth of compliance regulations, increasing multi-faceted
threats and a lack of enterprise-wide risk visibility and verification.
For example, according to a 2008 Enterprise Management Associates, Inc.
report, 21 percent of companies that have a strategy in place to manage
sensitive data do not believe it is effective. In response to these
challenges, companies are increasing their investments in IT GRC-based
technology. In fact, according to Forrester, the IT GRC market is
projected to grow to $1.3 billion by 2011.

    "The average organization's risk environment is becoming increasingly
complex as the threat from insiders continues to intensify. Growth and
increasing sophistication in targeted malware and the ever-increasing
number of compliance regulations with which companies must comply adds a
daunting layer of complexity and increased costs to today's business
environment," said Pat Clawson, chairman and CEO, Lumension. "What's more
challenging is organizations are implementing several siloed technologies
to address these challenges, resulting in poor visibility across the
enterprise risk environment and a disjointed, unmanageable approach to
risk and compliance. Through this acquisition of Securityworks' assets,
Lumension will be able to deliver a unified solution suite that will
enable companies to safeguard their valuable assets while managing their
IT risk environment in a simple and cost-effective manner that our
competitors cannot match.

    "In combining these efforts under one holistic solution, customers gain
peace of mind knowing they are able to implement a single solution that
can address their compliance and reporting requirements, risk management
and all endpoint security needs," Clawson continued.

    The risk and compliance management capabilities of Securityworks will
empower Lumension's customers to automatically identify key business
interests and prioritize those interests against IT security-related risk
within the context of standardized compliance regulations and controls.
The combined suite provides enterprises with a more integrated approach to
security and risk management which includes risk identification,
prioritization and management, automated risk assessment, remediation,
compliance management and reporting capabilities. As a result,
organizations will have enhanced visibility and prioritization of
potential risk exposure across their overall IT environment, enabling a
much more focused deployment of IT resources in addressing the greatest
areas of potential risk first.

    "Securityworks is known for bringing its customers a complete and
cost-effective compliance and risk management offering through automation
that allows users to tap predefined compliance and control frameworks in
order to quickly identify and prioritize IT risks to business interests,"
said Bryan Fish, president of Securityworks. "By integrating these
capabilities with Lumension's market-leading solutions, customers can
achieve greater visibility across their IT risk environment while reducing
the cost of compliance through better automation of risk assessment and
remediation processes. This is a solid step forward for organizations and
one that we are proud to be part of."

    Lumension's Risk and Compliance Management Solution will allow enterprises
to more efficiently and effectively manage the end-to-end compliance and
risk management process:


--  Identify Business Interests - Identify and prioritize risk to business
    interests across all types of IT resources within the framework of
    predefined compliance and control regulations, best practices and automated
    workflows.
--  Risk Assessment - Automatically assess IT network risks across
    vulnerabilities, configurations, applications and devices.
--  Risk Remediation - Apply and confirm targeted remediation efforts
    across vulnerabilities, configurations, applications and devices while also
    establishing security policies across applications and devices, roles and
    groups.
--  Compliance Management - Measure and report on compliance across
    industry, governmental regulations and control best practices, enabling the
    organization to assess once and comply with many.
    

    
The acquisition of Securityworks furthers Lumension's commitment to
providing complete endpoint security solutions for key vertical markets,
including healthcare, public sector, financial services and retail.
Furthermore, this acquisition opens up a new opportunity for Lumension to
expand its reach into the IT GRC market.

    (1) Managing Spend on IT Security Spending and Audit for Better Results,
IT Policy Compliance, February 2009

    For more information, please visit Securityworks-Lumension.

    Lumension will also be hosting a live webcast Monday, April 20, 2009 at
10:00 a.m. PDT. To register for this webcast, please visit:  Lumension
Acquisition Webcast.

    About Lumension

Lumension Security, Inc., a global leader in operational
endpoint security, develops, integrates and markets security software
solutions that help businesses protect their vital information and manage
critical risk across network and endpoint assets. Lumension enables more
than 5,100 customers worldwide to achieve optimal security and IT success
by delivering a proven and award-winning solution portfolio that includes
Vulnerability Management, Endpoint Protection, Data Protection, and
Reporting and Compliance offerings. Lumension is known for providing
world-class customer support and services 24x7, 365 days a year.
Headquartered in Scottsdale, Arizona, Lumension has operations worldwide,
including Virginia, Utah, Florida, Luxembourg, the United Kingdom, Spain,
Australia, India, Hong Kong and Singapore. Lumension: IT Secured. Success
Optimized(R). More information can be found at www.lumension.com.

    About Securityworks

    Securityworks, Inc. is a Dallas, Texas-based IT-GRC software solutions
company delivering automated compliance and risk management capabilities
to companies in the retail, healthcare, financial and manufacturing
industries.

    Lumension and the Lumension logo are trademarks or registered trademarks
of Lumension Security, Inc. All other trademarks are the property of their
respective owners.

    

Contacts:
Cindy Kim
Lumension
(480) 444-1603
cindy.kim@lumension.com

Jessica Sutera
Lois Paul & Partners
(781) 781-5789
Jessica_sutera@lpp.com

Copyright 2009, Market Wire, All rights reserved.

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