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Symantec to acquire @stake

SearchSecurity.com Staff

Symantec Corp. in Cupertino, Calif. announced Thursday afternoon it will acquire Cambridge, Mass.-based security consultancy @stake Inc. next month and fold the company into its global professional services. @stake will remain at its current headquarters for the time being, according to a news release.

The acquisition will enhance Symantec's current offerings by providing consultants with a strong foundation in research who combine technical expertise with a business focus. It also brings to the Symantec portfolio of offerings @stake's SmartRisk services, which address the security of applications, critical infrastructure, wireless and wired networks, and storage systems.

In addition to its services and products, @stake has developed Centers of Excellence that are dedicated to researching and documenting security flaws in operating systems, networking protocols, application software, or hardware devices.

"Our customers are looking to us for a broad range of security expertise," said Gail Hamilton, executive vice president of Symantec Global Services and Support. "By joining forces with the leader in application security consulting, we expand the capacity and capabilities of our consulting organization, which allows us to better secure the applications that our customers develop and deploy."

The deal, which comes after rival McAfee Inc. in Santa Clara, Calif. announced it would acquire Mission Viejo, Calif.-based Foundstone Inc., is expected to close in October.

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Terms were not immediately disclosed.

@stake was formed by members of l0pht and it's customers include six of the top 10 financial institutions and seven of the top 10 telecommunications carriers. The company made headlines last year by firing its CTO, Dan Geer, after he helped pen a paper critical of Microsoft.


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