Symantec Corporation, the US-based security software giant, has announced that the company was all set to acquire Gideon Technologies, in order to use Gideon’s risk management technology to improve its client offerings in the public sector.
Gideon Technologies offers vulnerability, configuration, policy and compliance management solutions along with network and asset discovery tools that several public sector organisations use.
This deal will see Symantec relying on Gideon’s Security Content Automation Protocol (SCAP), which offers configuration validation and vulnerability assessment tools that meet the requirements of the public sector in the US and abroad.
Gigi Schumm, Vice President and General Manager Public Sector at Symantec, commenting on the acquisition, said that “As the U.S. government continues to make the cyber-security of our country’s public and private infrastructures a priority, Symantec will support public sector customers with standards-based solutions that meet their complex compliance requirements with the highest degree of accuracy.”
Symantec intends to stay committed to the SCAP technology and carry out research for the advancement of the technology. SCAP is a series of security specifications that standardise the way security software products communicate software flaws and configuration.
The world’s fourth largest security software vendor will look to integrate Gideon’s SecureFusion product with its Symantec Management Platform in order to provide automated situational awareness and remediation management tools to its customers.
The financial details of the deal were not revealed but it is likely that Symantec paid a premium for it. That was a great investment though given the fact that share prices are depressed compared to where they were just a couple of years ago. Expect more acquisitions.