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PatchLink Unveils New Corporate Name Lumension Security™

  • 11 September, 2007 10:00

<p><i>Redefines Corporate Strategy and Positions the Company to Lead Emerging Unified Protection and Control Market </i></p>
<p>PatchLink Corporation today unveiled a new corporate name, Lumension Security, to match its position as the industry’s only IT security company to deliver holistic unified protection and control over enterprise endpoints.</p>
<p>Lumension Security, formed by the combination of PatchLink and SecureWave S.A., will bring to market the only integrated best-of-breed, policy-based solutions that simplify the entire security management lifecycle. Through its Positive Security Model™, Lumension enables enterprises to continuously enforce and maintain a desired security posture.</p>
<p>“There is a considerable amount of consolidation in the market place as security vendors add capabilities to complete their existing portfolios,” Patrick Clawson, chairman and CEO of Lumension Security. “Our new corporate strategy meets the increasing customer demand for tightly integrated solutions that are cost effective, easy to use and manage. The market is crowded with stand-alone point solutions. Lumension Security is shifting the paradigm from a reactive to a proactive approach by unifying best-of-breed, enterprise-class solutions that enforce and maintain security policies, reduce overall complexity and costs, and ultimately accelerate business results.”</p>
<p><b>A Tradition of Ineffective Security</b></p>
<p>According to a May 2007 report published by the National Vulnerability Database, 24 new vulnerabilities are identified every day – more than half of which are considered dangerous enough to warrant immediate remediation by IT departments.</p>
<p>In addition to the increasing volume of new vulnerabilities being discovered every day, many organisations are also forced to rely on a wide variety of security and configuration management technologies. Because traditional security models are reactive in nature and attempt to resolve threats after they are discovered, they simply cannot keep up with this constant deluge of new threats. Gartner estimates that by the end of 2007, 75 percent of enterprises will be infected with financially motivated, targeted malware that evaded traditional perimeter and host defenses.</p>
<p>Furthermore, protecting data continues to confound organisations today. According to a 2006 CSI/FBI Computer Crime and Security Survey, 75 percent of Fortune 1000 companies fell victim to data leakage.</p>
<p>Relying on numerous traditional point solutions forces companies to manage in silos, producing inconsistent security approaches, fragmented policy enforcement and reporting and ultimately, a more complex network to manage and secure.</p>
<p>“Constantly reacting to perceived threats creates a chaotic situation for IT managers, forcing them to frantically issue ad hoc emergency patches, update signatures, and review security policies. To further complicate matters, organisations are often dealing with disparate, unaligned security solutions that impede swift remediation,” said Charles Kolodgy, research director at IDC.</p>
<p>“Lumension is offering solutions that take the initiative away from the attacker by combining best-of-breed technologies that integrate vulnerability assessment, remediation and policy enforcement processes on a continuous cycle. In this way customers can proactively maintain a consistent level of security risk management without relying on a wide variety of incongruent solutions. The combination of these security management segments is defining a unified protection and control market.”</p>
<p><b>The Positive Security Model </b></p>
<p>Lumension Security addresses the inability of traditional and endpoint security point solutions to effectively protect an organisation’s proprietary information and systems by integrating best-of-breed solutions based on the Positive Security Model. By shifting the security paradigm from a reactive model to a proactive approach, Lumension Security provides unified protection and control of enterprise data and IT assets with its comprehensive suite of security solutions.</p>
<p>“At Vision Super, security has always been a top priority. Our philosophy is that security efforts should proactively stay ahead of emerging threats, not simply react to them,” said Paul Santiago, Network and Security Engineer at Vision Super. “SecureWave’s Sanctuary and PatchLink’s vulnerability and patch management solutions have been integral components to this positive approach, keeping our sensitive information and digital assets safe from both external and internal threats.”</p>
<p>Lumension Security’s best-of-breed, policy-based solutions – including PatchLink’s robust patch and remediation management suite, Harris Corporation’s STAT vulnerability assessment solution and SecureWave’s Sanctuary application and device control endpoint policy enforcement technologies – are currently deployed at more than 5,100 enterprises worldwide.</p>
<p>When all of the company’s solutions are integrated, Lumension Security will offer the industry’s only product suite that provides complete global security management, including Unified Vulnerability Management (Automated Discovery, Assessment, Remediation and Validation); Unified Endpoint Policy Enforcement (Application and Device Control); Integration with Leading Network Access Control Solutions; and Extensive Policy Compliance Reporting.</p>
<p><b>About Lumension Security™, Inc.</b></p>
<p>Lumension Security, a company formed by the combination of PatchLink® Corporation and SecureWave® S.A., is a recognised, global security management company, providing unified protection and control of enterprise endpoints for more than 5,100 customers and 14 million nodes worldwide. Leveraging its proven Positive Security Model, Lumension enables organisations to effectively manage risk at the endpoint by delivering best-of-breed, policy-based solutions that simplify the entire security management lifecycle. This includes automated asset discovery, vulnerability assessment, remediation and validation; application and device control; extensive policy compliance reporting; and integration with leading network access control solutions. Headquartered in Scottsdale, Arizona, Lumension has offices worldwide, including Virginia, Florida, Luxembourg, the United Kingdom, Spain, Australia, Hong Kong and Singapore. PatchLink, now Lumension, was founded in 1991 by Sean Moshir. More information can be found at www.lumension.com.</p>
<p>Lumension Security, the Lumension logo, PatchLink® and Sanctuary® are trademarks or registered trademarks of Lumension Security. All other trademarks are the property of their respective owners.</p>
<p>Gartner Research, “Gartner’s Top Predictions for IT Organizations and Users, 2007 and Beyond,” Daryl C. Plummer et al, December 1, 2006</p>
<p># # #</p>
<p><b>For more information, please contact:</b></p>
<p>Dana Hartwig/John Back</p>
<p>Kinetics PR</p>
<p>Tel: +61 2 9212 3848</p>
<p>E: dana@kinetics.com.au or john@kinetics.com.au</p>
<p><b>Note to Editors:</b></p>
<p>Corporate fact sheet on Lumension Security is also available on request.</p>
<p>Please email Kya de Rome on kya@kinetics.com.au</p>

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