Exodus Makes Security Play
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Web hosting provider Exodus Communications Inc. Thursday purchased the professional services division of Network-1 Security Solutions Inc.
Financial details were not disclosed.
Exodus' (EXDS) interest in beefing up security comes at a time when numerous large dot-coms have fallen prey to hackers who flood their sites with mail. Exodus said Network-1's (NSSI) services division will extend its network security consulting expertise.
As part of the deal, Exodus will gain two products, TRAPS and SNAPS, external and internal penetration study programs designed to analyze and reinforce network security. Exodus plans to offer services to test customers' existing security defenses and develop solutions for preventing security breaches.
"Our professional services team has been providing security consulting for over nine years and we have been responsible for designing, implementing and securing some of the world's largest and most complex networks," said Hancock. "As part of Exodus' professional services organization, we can apply this knowledge and offer valuable security expertise to provide protection for customers' e-commerce operations."
This week, a rash of hacker attacks has plagued Yahoo! Inc. (YHOO), Buy.com Inc. (BUYC) and eBay Inc. (EBAY). The hackers reportedly hit these destinations with scads of false requests for data, which caused restrictions in the bandwidth available to consumers.