[Full-Disclosure] Symantec Buys SecurityFocus, among others.... (fwd)

["R. DuFresne" <dufresne () sysinfo com>]

A heads up in case some have not seen this announcement:

---------- Forwarded message ----------
From: securityguru () hushmail com
Subject: [Full-Disclosure] Symantec Buys SecurityFocus, among others....
Date: Wed, 17 Jul 2002 13:38:34 -0700
To: full-disclosure () lists netsys com


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FYI

Symantec to Acquire SecurityFocus

Offers Most Complete Security Early Warning System Available

CUPERTINO, Calif. - July 17, 2002 - Symantec Corp. (Nasdaq: SYMC) today announced the acquisition of SecurityFocus for 
approximately US$75 million in cash. With this acquisition, Symantec will offer customers the most comprehensive, 
proactive early warning system across the broadest range of threats. The transaction is expected to close by early to 
mid-August 2002.

"SecurityFocus has established the most respected security community and developed one of the leading early warning 
systems for customers around the world," said John W. Thompson, Symantec chairman and chief executive officer. "This 
acquisition will broaden Symantec's leadership in Internet security response with the addition of the world's first 
global threat management system, the most complete vulnerability database and customizable alert services."

"We have developed our global threat management systems to provide customers with timely and actionable information 
relevant to their individual networks," said Arthur Wong, SecurityFocus co-founder and chief executive officer. 
"Combined with Symantec's world-class antivirus expertise, industry-leading intrusion detection solutions and back-end 
infrastructure, we can rapidly deploy the most comprehensive threat management solutions to our global customers 
worldwide."

SecurityFocus has developed the world's most comprehensive and up-to-date database of vulnerabilities available. 
Symantec will continue to license the Vulnerability Database to security product vendors, managed service providers and 
other organizations that use it to create powerful new security products and services for their customers.

In addition, Symantec will continue to manage the Bugtraq mailing list and the online security community under the 
SecurityFocus brand. It will continue to offer a forum for objective reporting by security experts on the latest IT 
threats and attacks as well as how to prevent security breaches.

Symantec will also leverage the DeepSight line of global threat management solutions. The DeepSight Threat Management 
System provides early warning of attacks along with specific threat and patch information allowing companies to 
proactively protect their networks. More than 15,000 partners in more than 175 countries are registered to 
automatically provide a constant stream of security data that is correlated and analyzed to identify active attacks.

DeepSight Analyzer gives IT professionals the ability to track and manage incidents on their own networks by 
automatically correlating attacks from a multitude of intrusion detection solutions. The product manages threats by 
comparing incidents on their network against the Vulnerability Database, tracking attacks to resolution and generating 
statistical incident reports. Using information about suspicious network traffic and intrusions submitted by anonymous 
users, SecurityFocus identifies patterns in attacks that help serve as a threat-gauging system for the Internet 
community.

By monitoring almost 11,000 distinct versions of more than 2,700 products from 1,300 vendors, SecurityFocus provides 
proactive, customized alert services for environment-specific vulnerabilities and malicious code alerts. DeepSight 
Alert Services can be configured to ensure that customers receive only alerts that are relevant to their networks, 
enabling them to deploy patches or work-arounds before vulnerabilities can be exploited.
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