McAfee, Inc. Acquires Preventsys
Plans to Extend Security Risk Management Capabilities through Automated Compliance Reporting and Consolidated Multi-Vendor Assessment
SANTA CLARA, Calif., June 6, 2006 McAfee, Inc. (NYSE: MFE), the global leader in Intrusion Prevention and Security Risk Management, today announced that it has acquired Preventsys, Inc., a leading authority in security risk management and automated security compliance reporting. The addition of Preventsys award-winning security risk management and compliance solution to McAfees proactive enterprise security technology will further advance McAfee in its ability to help companies reduce the complexity of managing their security.
Preventsys has pioneered an advanced Security Risk Management System for large companies that need to proactively protect confidential customer and company information, ensure high availability of critical IT assets, and easily communicate security compliance to executive management. Preventsys currently provides the only solution that consolidates vulnerability, configuration and threat data from multi-vendor tools into an enterprise dashboard and automates the security compliance reporting process.
McAfees acquisition of Preventsys fulfills a key component of our risk management and compliance strategy, which is based on helping our customers leverage their existing security technologies, said Ken Gonzalez, vice president of corporate development, McAfee. With Preventsys technology, we can help our customers satisfy regulatory requirements for automated compliance reporting, while leveraging existing McAfee technologies such as McAfee ePolicy Orchestrator and Foundstone."
According to industry analyst firm IDC, Budgetary and staffing constraints will continue to drive organizations to look for better ways to cost-effectively manage their security infrastructure. Security and vulnerability management software solutions can simplify the complexity associated with managing multiple security solutions while at the same time increasing the effectiveness of protection. (IDC, "Worldwide Security and Vulnerability Management Software 2005-2009 Forecast and Analysis: Taking Control of the Security Environment, Dec. 2005, #34604)
We see an opportunity to bring automated security compliance reporting to McAfees enterprise customers, said Patrick Harr, chief executive officer for Preventsys. It is the only solution that can consolidate multi-vendor assessment information and be easily integrated into a users new or existing security tools without ever having to change the security process or reports. This will decrease the time and costs associated with manual auditing and compliance reporting.
About McAfee, Inc.
McAfee Inc., headquartered in Santa Clara, California and the global leader in intrusion prevention and risk management, delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.mcafee.com
About Preventsys
Preventsys, a venture-backed private equity company, delivers automated solutions for security risk management and security compliance reporting to large government agencies and Fortune 1000 Companies in the financial, telecommunication, ecommerce, technology and healthcare markets. The Preventsys Risk Management System automates compliance reporting to reduce regulatory costs and improve corporate governance. Using PolicyLab, a unique policy development environment, customers can create custom policies and automate reporting against internal or external policies. Preventsys customers can demonstrate and monitor compliance to established policies and standards, identify configuration and security holes, and prioritize non-compliance issues to demonstrate improved security compliance over-time. Out of the box, the Preventsys Risk Management System comes pre-configured with policy templates covering SOX, HIPAA, GLBA, FISMA, CIS, NSA, NIST, and others. By automating this process customers can greatly reduce the need for network sampling or costly pre-audits by expensive consultants. For more information, visit www.preventsys.com
Source: McAfee, Inc.
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