DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY / MAY 19, 2003: VOL. 2 NO. 20    ( Table of Contents )

Breaking News - Security:

Network Associates Completes Acquisition Of IntruVert

Network Associates Inc, a leader in system and network protection solutions, announced recently that it has completed the acquisition of IntruVert Networks Inc. IntruVert Networks provides market-leading network-based intrusion prevention solutions that proactively detect and stop security attacks before they cause damage. The company offers the IntruShield line of products that include purpose-built intrusion prevention appliances and the IntruShield Manager.

Under the terms of the deal, Network Associates acquired all shares of IntruVert Networks. Network Associates has also assumed all customer support obligations and is committed to ensuring a seamless transition for all customers. The company will sell the IntruShield solutions as part of its Network Protection Solutions set and the combined team will focus on continued product development and integration opportunities with the Sniffer Technologies and McAfee Security solutions to provide comprehensive network and systems protection solutions.

"Our customers have been asking for security solutions that move beyond traditional attack detection to proactively block attacks as they occur, and IntruVert has pioneered solutions that deliver this protection at gigabit speeds," said Sandra England, executive vice president of corporate development and strategic research at Network Associates. "With the completed acquisition of IntruVert Networks, as well as the recently completed acquisition of Entercept Security Technologies, Network Associates is positioned to deliver comprehensive next-generation intrusion prevention solutions to protect our customers' networks at all points of entry."

Network Associates announced a definitive agreement to acquire IntruVert Networks for $100 million on April 1. Prior to the acquisition, IntruVert was a privately held company that created the industry's first architecture offering a real-time network intrusion detection and prevention system for enterprise and government networks. The company provides network-based intrusion prevention solutions including the IntruShield 2600 and IntruShield 4000 and the IntruShield Manager. These IntruShield products utilize patented signature, anomaly, and Denial of Service (DoS) techniques to analyze network traffic at multi-gigabit rates and accurately detect and block an attack. Administrators are able set granular, customized intrusion policies to protect their specific network environment.

"IntruVert has been a leader in developing next-generation intrusion detection and prevention technology to protect customers from sophisticated cyber- attacks," said Parveen Jain, president and chief executive officer at IntruVert Networks. "IntruVert's innovative products have consistently won the industry's top awards and are deployed at leading enterprises, government agencies and universities."