Register: Symantec snags @stake

[R. A. Hettinga]

<http://www.theregister.co.uk/2004/09/17/symantec_buys_atstake/print.html>

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 Original URL: http://www.theregister.co.uk/2004/09/17/symantec_buys_atstake/

Symantec snags @stake
By John Leyden (john.leyden at theregister.co.uk)
Published Friday 17th September 2004 09:51 GMT

IT security giant Symantec yesterday announced an agreement to acquire
security consultancy @stake for an undisclosed amount. Symantec said the
deal, expected to close in October, will allow it to expand its existing
security services and consultancy businesses.

@stake supplies security auditing and analysis products alongside its core
digital security consulting services. Its SmartRisk services address
various aspects of IT security, including application security, critical
infrastructure, wireless and wired networks, storage systems, and
education. @stake's customers include six of the world's top ten financial
institutions, four of the world's top ten independent software companies
and seven of the world's top ten telecommunications carriers. @stake was
founded by members of hacker group l0pht back in 2000.

Symnatec's acquisition of @stake comes after arch rival McAfee bought
application security and consultancy firm Foundstone for $86m last month.
Foundstone competes with @stake, eEye and others in the application
security consultancy biz.

Symantec's purchase of @stake is one of a series of acquisitions by the
company over the last two years or so. In July 2002 it acquired security
consultancy Riptech for $145m cash. More recently it bought anti-spam
specialist Brightmail for $370m. ®


-- 
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R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'

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