Symantec Buys @Stake
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Anti-virus specialist Symantec
announced a deal to acquire privately held security consulting firm
@Stake. Financial terms of the transaction were not released.
The deal, which is expected to close in October, signals a continuation of Symantec's multi-million-dollar shopping spree, which included the purchase of Riptech, Inc. for an estimated $145 million; Recourse Technologies for about $135 million; and SecurityFocus for approximately $75 million.
With @Stake, Symantec gets an influential security research and
consulting firm with high-end clients in the banking and
telecommunications sectors. The company has conducted software evaluation
research for Microsoft
, and it counts six of the world's
top 10 financial institutions among its client base.
@Stake, which was backed by Battery Ventures and Madison Dearborn Partners, markets software for application protection. The company's flagship @stake LC 5 application lets IT admins audit and recover user and administrator passwords. It also hawks the @stake WebProxy tool that helps software developers and security professionals test and enhance the security of Web applications.
@stake is also known for its research work in finding and documenting security flaws in operating systems and application software.
Once the deal closes, Symantec said it would incorporate @Stake's products and services into its global professional services division.