Websense snags leak prevention provider PortAuthority for $90 mil

News by Dan Kaplan

Internet filtering vendor Websense today joined the hot information leakage prevention market by acquiring PortAuthority Technologies for $90 million.

Internet filtering vendor Websense today joined the hot information leakage prevention market by acquiring PortAuthority Technologies for $90 million.

By joining forces, solutions from both companies will "help organizations prevent the unauthorized use or disclosure of confidential data while simultaneously protecting users from external malicious threats," according to a joint statement issued today by San Diego-based Websense and Palo Alto, Calif.-based PortAuthority.

The leak prevention market is one of the fastest growing segments of the IT security market, analysts have said. IDC predicts the data-centric content control market will soar from $194 million next year to $435 million in 2009, according to the statement.

"Today's high impact security threats aren't about a worm overloading your mail system," Gene Hodges, Websense CEO, said. "They are about people stealing your proprietary information."

The deal is expected to close in January, upon which time Websense will assume the assets and liabilities of PortAuthority, which includes $5 million in working capital and $4 million in debt.

Click here to email reporter Dan Kaplan.

Topics:

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Upcoming Events