Symantec Acquires Mountain Wave, Inc.
Adds Security Management Technology to Symantec Portfolio
CUPERTINO, Calif. – July 2, 2002 – Symantec Corp. (Nasdaq: SYMC), the world leader in Internet security, today announced the acquisition of Mountain Wave, Inc., a leading provider of enterprise security management software and services, for $20 million in cash. The acquisition brings to Symantec the patent-pending CyberWolf technology designed to automate the detection of security incidents by the intelligent analysis of security events and alerts in real-time.
“IT departments today struggle with how to manage and respond to the wealth of information being generated by the various security applications deployed across the network,” said Gail Hamilton, executive vice president of Symantec’s product delivery and response organization. “The CyberWolf technology addresses those issues by reducing, correlating and prioritizing security events and alerts, giving enterprises the ability to respond and stop attacks in real-time.”
“CyberWolf is next generation technology that goes far beyond existing event managers, taking data from multi-sensor, multi-vendor environments and automatically identifying true security incidents in real-time,” said Juanita Koilpillai, Mountain Wave chairman and co-founder. “We have several successful implementations in the government market and believe that by joining the market leader in Internet security, we can translate that success into the broader enterprise market as well.”
CyberWolf automatically monitors, filters, correlates and cross-correlates the analysis of event data generated in a multi-vendor, multi-sensor environment. The ability to cross-correlate data analysis enables the technology to prioritize the millions of events reported on a daily basis and identify the 6-10 true security events each day that require some form of human interaction. Using an internal knowledgebase, built on the expertise security analysts use in recognizing patterns of events and alerts, CyberWolf tracks, memorizes and matches patterns of attack that may be taking place over time from multiple sources.
The CyberWolf technology will become an integral component of Symantec’s enterprise security solutions, which provide any size organization with the technology, global response and services necessary to manage its information security. Symantec’s comprehensive solution offers best-of-breed products to protect gateways, servers, and clients with firewall security, virus protection, content filtering, intrusion detection, vulnerability management and virtual private networking (VPN). Customers benefit from Symantec’s global network of researchers that provide customers with around-the-clock, immediate response to any new security-related attacks. Symantec’s enterprise security customers are also supported by one of the largest professional security organizations in the world, offering security consulting, security education and managed security services.
About Mountain Wave, Inc.
Headquartered in Falls Church, Va., Mountain Wave, Inc. provides a new breed of automated attack sensing and warning software and services for real-time enterprise security operations management. The company’s patent-pending software solution is highly-scalable and ideally suited for ROI-focused enterprises needing early detection of attacks from internal or external sources that elude preventative point products like firewalls, authentication servers, intrusion detection systems and other security devices located throughout the enterprise. CyberWolf solutions have been successfully implemented and rigorously tested by large government organizations including the DoD. For more information, please visit cyberwolftech.com.
About Symantec
Symantec, the world leader in Internet security technology, provides a broad range of content and network security software and appliance solutions to individuals, enterprises and service providers. The company is a leading provider of client, gateway and server security solutions for virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services to enterprises and service providers around the world. Symantec’s Norton brand of consumer security products is a leader in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 38 countries. For more information, please visit www.symantec.com.