Security firm Sophos today announced it has entered into an agreement to acquire Astaro, a privately held provider of network security solutions, headquartered in Wilmington, Massachusetts, USA and Karlsruhe, Germany.
“The combination of Astaro’s comprehensive portfolio of network security solutions alongside our endpoint, mobile, and email and web threat and data protection capabilities will enable us to continue to deliver on our vision of providing complete security without complexity wherever the user and company data resides,” stated Steve Munford, Chief Executive Officer, Sophos.
The market for multi-function security appliances has continued to grow because organizations of all sizes want better protection against security threats and need to support their users and distributed workplaces in a comprehensive, easy to use, efficient way. According to IDC, the market for unified threat management was approximately $2 billion worldwide in 2010, with a CAGR of 13% 2010-2014 .
Astaro, with $56 million in billings and 30% year over year growth in 2010, is the fourth largest dedicated unified threat management (UTM) provider, leads the market and has sustained fast growth due to its strong track record of innovation and robust portfolio of feature rich network security solutions. With over 56,000 installations in over 60 countries, Astaro protects business and government networks across the globe against IT security threats. The company currently has more than 220 employees in nine countries spanning three continents, including a significant presence in the EMEA region.
“Demand for network security solutions with more comprehensive and high-quality protection is accelerating fast, and yet companies are struggling with the complexity of multiple security solutions to serve these needs,” stated Jan Hichert, Chief Executive Officer, Astaro. “We are excited to join forces with Sophos, as we share a common mission and passion for providing the most comprehensive security solutions that are also easy to use. Together, we will deliver to customers the ability to apply consistent security and web and application controls regardless of where the user is or where the network boundary may lie.”
This transaction brings two complementary security portfolios together to deliver coordinated protection and policy between endpoint and network. By combining policy, security filtering and information known at the endpoint with the network, Sophos will be able to provide improved security and visibility along with integrated management and reporting.
The solutions will offer complete protection to meet complex threats and malware challenges, especially from the web, applications and social engineering vectors that require full visibility and coordination, supported by SophosLabs and malware and threat expertise.
Infosec India 