EMC swallows security firm Verid
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Authentication based on knowledge, not ignorance Software glutton EMC today announced its latest toy as Florida-based security outfit Verid.â¦
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than &#36;13 billion would represent the computer security giant's biggest step yet beyond its core businesses of defending against viruses and thwarting hackers. Investors weren't impressed, though, and Symantec's shares plunged 16 percent.
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- Data storage company EMC Corp.'s  subsidiary, VMware, said it expects its initial public offering to be priced between $23 and $25 per share.
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.
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COMPUTER security giant Symantec has agreed to acquire storage and backup program specialist Veritas Software in an equity deal valued at around $13.5 billion ($17.8 billion).
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(InfoWorld) - EMC has signed a definitive agreement to acquire Valyd Software, a Hyderabad, India, vendor of software for securing enterprise data. EMC did not disclose the sum it will pay for Valyd, a privately held company. Valyd's software will be brought into RSA, the security division of EMC that was set up last year to integrate products from itsÂ acquisition of RSA SecurityÂ andÂ Network Intelligence. The acquisition is expected to close in the first quarter, the Hopkinton, Massachusetts, vendor of storage management and security software said Tuesday. Valyd's technology for encrypting and securing data at the database and file system level will lead to the introduction of two new products from the RSA division, after the acquisition is complete, said Manoj Chugh, president of EMC India, on Wednesday. RSA Database Security Manager will address security of data on a variety of database management systems, while RSA File Security Manager will secure data security at the file and folder level, Chugh said. A focus of the RSA division is on products that manage and secure enterprise-wide information assets regardless of where they resides on the network, Chugh said. Valyd's technology, which runs on a large variety of operating systems and database systems, fitted well into the strategy of the RSA division, he added. Valyd Software was set up in 1998 to develop software to secure enterprise data. The company has over 50 staff in Hyderabad, which will be increased to 100 by the end of this year, Chugh said. The Hyderabad operation will focus on the development and enhancement of the new security products, he added. Indian product companies have emerged as acquisition targets for multinational companies. Oracle Corp., for example, has acquired a majority stake in Indian financial software company, i-flex Solutions Ltd. "India was until now perceived as a low-cost location for outsourcing work, rather than as a place where you could find top quality innovation and intellectual property," Chugh said.
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ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion.
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Computer security giant Symantec said Thursday it will buy storage program maker Veritas Software for US$13.5 billion in one of the world&#39;s largest software company mergers.
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Managed security services companies SecureWorksÂ  and LURHQÂ Â have merged.
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(InfoWorld) - The cool reception from Wall Street this summer after EMCâs announcement that it would buy RSA Security had EMC executives feeling a bit flummoxed -- like the guy who elopes, only to find out that his friends didnât like his girlfriend to begin with. EMCâs stock fell 3 percent following the announcement, and in talks with analysts and reporters about the $2.1 billion deal, CEO Joe Tucci faced tough questions about the price his company paid for RSA and EMCâs overall strategy . Four months later, EMCâs stock has recovered nicely, and the company is moving forward on efforts to use RSAâs assets to create a common security platform that stretches across all its products. InfoWorld Senior Editor Paul F. Roberts checked in recently with Dennis Hoffman, vice president and general manager of the Enterprise Solutions Business Unit at RSA, the Security Division of EMC, to see how things are going. InfoWorld: You headed up EMCâs security group prior to the RSA purchase. How is your strategy different now?                                                     Dennis Hoffman: The interesting thing is that thereâs no difference in the strategy before and after. We made some broad conclusions and built a plan around that. We saw information security, as a market, colliding with information management. The only thing that took a lot of time was sorting out what were the salient parts of the information-security industry for that strategy. When we did that, we carved out what turned out to be the vast majority of the security revenues. We said, âWeâre not part-interested in anti-virus, firewall, IPS, and IDS systems. Thatâs yesterdayâs security battle.â Everyone paying attention to whatâs in the news: people losing information and data breaches that are exposed in the public eye. IW: Youâve said RSAâs technology will become a common authentication platform for EMCâs products. How far off is that vision? DH: Those services -- authentication services, authorization services, auditing services -- are all being delivered into the base EMC platforms throughout 2007 as part of delivery of the common security platform. It will all start during the middle of next year, and it will just depend on when various releases get on the train. IW: How do you get true security without better platform security from companies like Microsoft? How do developments in Redmond affect what EMC and RSA do? DH: Theyâre certainly interrelated. In fact, I just got off the phone with the general manager of the Windows Security Business just before our call. Weâre talking about ways the two companies can partner more deeply and better than we have historically. As an industry weâve been obsessed with the idea of âperfect securityâ for a long time. It doesnât exist. Perfect security is called business discontinuance. You turn off the company and then everything is secure. Weâve learned with our adaptive authentication products that as banks seek to protect the identities of their own consumers, theyâve found that the mathematically correct, rigidly correct security isnât the right kind for them. I donât think that any of us in the rest of the stack -- Microsoft at the operating system level ... Cisco at the network, and EMC at the storage and information layer -- can stand and throw rocks at each other or wait for the other guy to get perfect before we can do anything. We have an obligation in our part of the world, lower in stack and in our hardware, to secure them and enable a more infocentric form of security in what we do. Hopefully weâll closely partner with the Microsofts and Ciscos to do that. IW: How might those partnerships look? DH: Iâm not going to foreshadow the things weâre in talks about, because theyâre not finished. At the highest level, we all need to be able to do a better job speaking security policy and exchanging policies with one another. We have close partnerships today with ... Cisco and Microsoft. Ideally, if someone wants to create a policy in the network to protect data in flight, when that data rests on a storage device, we should be able to support that policy. When something is established by a user at the desktop and traverses Cisco networking equipment to be stored and managed as information within the EMC infrastructure, thatâs where the collaborations ultimately have to happen.
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Computer security giant Symantec Corp. is buying storage and backup program specialist Veritas Software Corp. to create the world's fourth-largest software maker, marking the latest merger in an industry trend that's expected to compress the competition to a few juggernauts.
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A BERKSHIRE-based email archiving company, KVault Software, has been bought for $225m (Â£125m) by Veritas Software, a leading US security specialist.
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It's rich, it's sophisticated EMC is buying a document management software firm for $85m.â¦
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In June, giant data storage firm EMC Corp. of Hopkinton bought RSA Security Inc. of Bedford for $2.1 billion. Wall Street wondered how RSA, with profits of just $42 million last year, could be worth such a steep price. RSA chief executive Art Coviello explains why in a recent interview with Globe reporter Hiawatha Bray.
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EMC reported a 74% rise in quarterly profit and doubled its stock buyback program to $2 billion, sending shares up 4% today. The stock was also boosted by strong results yesterday from business software maker VMware Inc.
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Looking to diversify, EMC becomes a software industry consolidator as it crafts its "information management" strategy.
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After having had its $2.1bn takeover of RSA Security Inc formally approved by the security vendor's shareholders, EMC Corp is rumored to be in the market for Network Intelligence Corp, a supplier of so-called security event management appliances.