Flexera Software has bought Secunia, a Danish provider of software vulnerability management solutions that help protect organizations against cybersecurity risks. The deal’s financial terms were not released. Flexera, a provider of software licensing, compliance, security and installation solutions, said the acquisition will complement its own solutions and enable companies to more proactively address cybersecurity threats. Based in Itasca, Illinois, Flexera is a portfolio company of Teachers’ Private Capital, the private equity investment arm of the Ontario Teachers’ Pension Plan. Teachers acquired a majority stake in the company from Thoma Bravo in October 2011.
PRESS RELEASE
Flexera Software Acquires Secunia, Adding Software Vulnerability Management Solutions That Reduce Cybersecurity Risks
Security Products Combined with Existing Software License Optimization and Application Readiness Solutions will Transform Software Asset Management Practices
Itasca, IL – Sep 15, 2015 – Flexera Software, the leading provider of next-generation software licensing, compliance, security and installation solutions for application producers and enterprises, announced today the acquisition of Secunia, a leading provider of Software Vulnerability Management solutions that protect organizations against cybersecurity risks.
“As cybersecurity threats continue to grow, leading companies will not only proactively manage these threats but will also integrate Software Vulnerability Management into core software asset management processes,” said Mark Bishof, Flexera Software’s Chief Executive Officer. “Secunia’s products deliver the Software Vulnerability Management capabilities enterprises urgently need today while complementing our existing market-leading solutions for Software License Optimization and Application Readiness.”
Cybersecurity and Software Vulnerability Management
Cybercriminals routinely use vulnerabilities in software as gateways to exploit corporate networks, using techniques like commercialized underground “exploit toolkits” to infect machines and perform malicious activities. A typical, documented cybersecurity breach costs organizations between $2.5 million to $5 million. However, massive breaches, such as the highly publicized Target, JPMorgan, Home Depot, Sony, and Best Buy cybercrimes, could cost hundreds of millions of dollars – not to mention damage to reputation and brand. Secunia products help IT security and operations teams proactively identify, assess and remediate software vulnerabilities. Secunia products include:
Vulnerability Intelligence Manager, which gives IT security teams verified, accurate and comprehensive vulnerability intelligence from Secunia Research, along with workflow management, alerts and reporting
Corporate Software Inspector, which provides IT operations teams multi-platform assessment of software vulnerabilities and cost-effective patch creation and deployment to reduce enterprise software security risks
Speed is of the essence during a cyberattack to minimize damage. Secunia products stand alone in their ability to deliver accurate, verified intelligence on known vulnerabilities, including detailed information to support mitigation efforts. They help assess the potential impact of software vulnerabilities based on their criticality and dependencies of the affected business applications, and then quickly resolve the issue through the deployment and verification of the appropriate security patches.
Software License Optimization & Software Vulnerability Management Synergies
Secunia’s Software Vulnerability Management solutions are highly synergistic with Flexera Software’s Software License Optimization solution, FlexNet Manager Suite, and underscore the critical relationship between Software Asset Management (SAM) and cybersecurity. Both disciplines require at their foundation the accurate and continual discovery and inventory of software assets within an organization’s environment. Today IT asset management and security teams (and projects) are usually siloed within organizations, increasing the likelihood that security threats will slip through the gap. For instance, discovery and inventory of software assets are critical to both asset management and security teams – but are currently undertaken separately in most organizations,
Flexera Software is changing the game by connecting the strategic dots between Software Asset Management and cybersecurity. And by harnessing the synergies between SAM and Software Vulnerability Management, Software License Optimization takes on even greater critical importance in centralizing core software asset management functions while minimizing software spend, software license non-compliance, and cybersecurity risk. Organizations will be able to leverage asset management insights combined with vulnerability data to rapidly address the most relevant cybersecurity threats. Other IT disciplines will all immediately benefit from the success and maturity of Software License Optimization and IT asset management processes that are developed and applied for cybersecurity.
Application Readiness & Software Vulnerability Management Synergies
Secunia’s Software Vulnerability Management solutions are also synergistic with Flexera Software’s Software Application Readiness solution, AdminStudio Suite, underscoring IT Operations teams’ need to understand security risks when rationalizing and managing the application portfolio, and to safely, securely and reliably deploy patches without damaging underlying systems. Application Readiness and Software Vulnerability Management business processes can be completely integrated with vulnerability assessment. These processes are integral to application inventory, rationalization and compatibility processes, as well as state-of-the-art application packaging being used to prepare security patches for rapid, reliable deployment.
“Being a part of Flexera Software represents the next stage of growth for Secunia’s employees, customers and partners,” said Peter Colsted, Secunia’s Chief Executive Officer. “The synergies from this acquisition will enable enterprises to more proactively address cybersecurity threats as a core part of their processes for managing application usage.”
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Learn more about Flexera Software’s:
Software Vulnerability Management Solutions
Corporate Software Inspector
Vulnerability Intelligence Manager
Software License Optimization Solutions
Application Readiness Solutions
Software Monetization Solutions
Installation Solutions
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About Flexera Software
Flexera Software helps application producers and enterprises increase application usage and the value they derive from their software. Our next-generation software licensing, compliance and installation solutions are essential to ensure continuous licensing compliance, optimized software investments and to future-proof businesses against the risks and costs of constantly changing technology. Over 80,000 customers turn to Flexera Software as a trusted and neutral source for the knowledge and expertise we have gained as the marketplace leader in licensing, installation and compliance for over 25 years and for the automation and intelligence designed into our products. For more information, please go to: www.flexerasoftware.com
About Secunia
Founded in 2002, Secunia is a leading provider of IT security solutions that help businesses and private individuals globally manage and control vulnerability threats, risks across their networks, and end-points. This is enabled by Secunia’s award-winning Vulnerability Intelligence, Vulnerability Assessment, and Patch Management solutions that ensure optimal and cost-effective protection of critical information assets.
Secunia plays an important role in the IT security ecosystem, and is the preferred supplier for enterprises and government agencies worldwide, counting Fortune 500 and Global 2000 businesses among its customer base. Secunia is headquartered in Copenhagen, Denmark.
For more information, contact:
Flexera Software
John Lipsey
(224) 465-9139
jlipsey@flexerasoftware.com
*All third-party trademarks are the property of their respective owners.
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