Lumension Completes Acquisition of CoreTrace

Lumension, a Scottsdale, Ariz.-based security software company, has completed its acquisition of Austin-based CoreTrace Corporation, whose software tries to battle malware and other “unknown executables.” Terms of the deal were not disclosed.

PRESS RELEASE:

Lumension, a global leader in endpoint management and security, today announced the completed asset acquisition of CoreTrace Corporation, an innovative application control software provider. Austin-based CoreTrace delivers solutions that prevent the execution of malware and unknown executables. The acquisition will enhance Lumension’s application control feature set, grow its software and patent/IP portfolio and extend Lumension’s growing customer, OEM and reseller bases.

The rise of advanced persistent attacks and weaponized malware has resulted in a new generation of widely distributed malware. In upcoming State of the Endpoint Lumension-sponsored research to be released in early December, researchers identified growing alarm among IT security professionals related to advanced persistent threats (APTs). Understanding this new threat environment, Lumension has strengthened its leadership position in the endpoint management and security space by acquiring the assets of CoreTrace Corporation, and further consolidating market share in the application control space.

“The threat of advanced persistent attacks is growing at a significant rate,” said Pat Clawson, Chairman and CEO of Lumension. “Look at oil operators in the middle east who have suffered devastating cyber attacks. With this rise in advanced persistent threats, and weaponized malware, along with the fact that Gartner projects[i] that ‘by 2015, more than 50% of enterprises will have instituted ‘default deny’ policies’ that restrict the applications users can install,’ Lumension felt a strategic acquisition of CoreTrace would further equip both current and prospective customers in the ever-evolving threat landscape and cement Lumension’s leadership in next generation technologies. We are thrilled to have CoreTrace on board to continue our drive to advanced, persistent protection for organizations of all sizes.”

With the acquisition of CoreTrace assets, Lumension will add more than 130 customers, key development staff, and additional OEM and reseller partners.

Key Facts:

Lumension acquires key IP and patent portfolio from CoreTrace.
Lumension will likely integrate key aspects of CoreTrace’s technology into Lumension® Application Control and continue to offer Lumension Application Control through the Lumension Endpoint Management Security Suite.
Lumension will continue to provide technical and support services to CoreTrace’s current application control commercial customers.
Lumension will provide existing CoreTrace customers with a seamless upgrade path to Lumension’s endpoint management platform once key features of the CoreTrace technology are integrated.
Lumension will likely continue to offer the CoreTrace Bouncer® product through existing commercial sales channels.
A financial analyst briefing will be held at 11:30 a.m. EST on Wednesday, Nov. 7. RSVP is required; please contact Kim Doyle at kim.doyle@lumension.com or 480-444-1229 for dial-in instructions.

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