nCircle Announces Acquisition of Cambia |
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nCircle Network Security, Inc.
101 Second St.,Suite 400
San Francisco, CA, 94105
USA
Press release date: May 23, 2007
Merger Creates the First Agentless Solution Platform Enabling Enterprises to Measure and Manage Security Risk and Ensure Configuration Compliance
SAN FRANCISCO, May 23 / -- nCircle, the leading provider of agentless security risk and compliance management solutions, today announced that it has completed the acquisition of Cambia Security, the leader in agentless configuration auditing. The combination will enable enterprises to manage their security risk and automate compliance and auditing efforts with an integrated solution.
The Cambia solution discovers system configurations, how they are changing, and how these changes comply with configuration policies for audit and control purposes. The solution provides a rich library of policies based on standards such as CIS and NIST and includes prescriptive policies for regulations such as PCI, HIPAA and SOX. This customer-requested functionality complements nCircle's patented agentless discovery technology, breadth and depth of coverage, risk prioritization, and advanced analytics.
"nCircle has achieved significant traction and market share delivering security solutions for the enterprise building on their methods of discovering and dynamically tracking complex system configurations," said Peter Christy, Founder and Principal, Internet Research Group. "As the security market focuses more on business risk management, consolidation is bound to see most of today's smaller participants acquired by larger players. Anticipating this inevitable process, nCircle has built a platform capable of integrating complementary solutions and delivering increasing value to enterprise customers."
"Cambia's best-in-class, proven agentless configuration compliance technology enables nCircle to deliver a security risk and compliance management solution that is unparalleled in the market today," stated Abe Kleinfeld, President and CEO of nCircle. "Our customers have seen significant benefits from nCircle's security risk solutions and are asking that we expand our agentless technology to address their configuration compliance challenges as well. This combination will transform the way enterprises perform these critical security and IT operations by providing a comprehensive solution for managing security risk and compliance."
Configuration compliance has become a major challenge for global enterprises. Increasing government and industry regulations coupled with growing audit fees are driving demand for a scalable and comprehensive approach to security risk and configuration compliance. Traditional agent-based technologies are giving way to the proven benefits of agentless solutions, which include lower cost of deployment and management, comprehensive coverage of all network-enabled devices and enterprise scalability.
"This was a very good outcome for our investors, our people and our customers. In nCircle, we see a company that understands how to build world-class technology, a worldwide organization with a strong focus on delivering value to its customers," said Joan Herbig, President and Chief Executive Officer of Cambia. "There is also a cultural affinity between these organizations that makes me extremely optimistic about Cambia as a successful part of the nCircle team."
"This merger will provide significant value for enterprises that are looking for solutions to comprehensively measure and manage security risk while monitoring configuration compliance with internal and external regulations," said Seth Bromberger, Manager Information Systems Security, PG&E. "Agentless deployment is the only way to get comprehensive coverage across a varied and distributed enterprise environment that includes servers, desktops and network devices."
nCircle will bring the acquired solution to market under the name nCircle Configuration Compliance Manager(TM). The products will be integrated through consolidated reporting followed by centralized command and control. nCircle's appliance delivery model will be extended to include the Cambia solution to simplify customer implementations and reduce management overhead.
About nCircle nCircle is the leading provider of agentless security risk and compliance management solutions. More than 3,500 enterprises, government agencies and service providers around the world rely on nCircle's proactive security solutions to identify, measure, manage and reduce security risk and automate compliance on their networks. nCircle has won numerous awards for growth, innovation and technology leadership and has been ranked among the top 100 best places to work in the San Francisco Bay Area. nCircle is headquartered in San Francisco, CA, with regional offices throughout the USA and in London, Toronto and Tokyo. Additional information about nCircle is available at http://ncircle.com/.
Source: nCircle
CONTACT:Shelley Boose of Shev Rush PR, +1-408-398-6987, for nCircle
Web site: http://ncircle.com/
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