PatchLink To Buy SecureWave

PatchLink Corp., a Scottsdale, Ariz.-based provider of security patch and vulnerability management software, has agreed to acquire SecureWave SA, a Luxembourg-based provider of endpoint security software. No financial terms were disclosed. PatchLink has raised over $45 million in VC funding from firms like Bay Partners, GIC Special Investments, Granite Global Ventures and Scale Venture Partners. SecureWave has raised around $10 million from firms like Index Ventures and Mangrove Ventures. As part of the sale agreement, Mangrove will be given a seat on the PatchLink board.