PatchLink Unveils New Name

NEW YORK -- PatchLink Corporation today unveiled a new corporate name, Lumension Security™, to match its position as the industry’s only IT security company to deliver holistic unified protection and control over enterprise endpoints. Lumension Security™, formed by the combination of PatchLink and SecureWave S.A., will bring to market the only integrated best-of-breed, policy-based solutions that simplify the entire security management lifecycle. Through its Positive Security Model™, Lumension enables enterprises to continuously enforce and maintain a desired security posture.

“There is considerable amount of consolidation in the market place as security vendors add capabilities to complete their existing portfolios,” Patrick Clawson, chairman and CEO of Lumension Security™. “Our new corporate strategy meets the increasing customer demand for tightly integrated solutions that are cost effective, easy to use and manage. The market is crowded with stand alone point solutions. Lumension Security™ is shifting the paradigm from a reactive to a proactive approach by unifying best-of-breed, enterprise-class solutions that enforce and maintain security policies, reduce overall complexity and costs, and ultimately accelerate business results.”

A Tradition of Ineffective Security

According to a May 2007 report published by the National Vulnerability Database, 24 new vulnerabilities are identified every day, more than half of which are considered dangerous enough to warrant immediate remediation by IT departments. In addition to the increasing volume of new vulnerabilities being discovered every day, many organizations are also forced to rely on a wide variety of security and configuration management technologies. Because traditional security models are reactive in nature and attempt to resolve threats after they are discovered, they simply cannot keep up with this constant deluge of new threats. Gartner estimates that by the end of 2007, 75 percent of enterprises will be infected with financially motivated, targeted malware that evaded traditional perimeter and host defenses.”

Furthermore, protecting data continues to confound organizations today. According to a 2006 CSI/FBI Computer Crime and Security Survey, 75 percent of Fortune 1000 companies fell victim to data leakage.

Relying on numerous traditional point solutions forces companies to manage in silos, producing inconsistent security approaches, fragmented policy enforcement and reporting and ultimately, a more complex network to manage and secure.

“Constantly reacting to perceived threats creates a chaotic situation for IT managers, forcing them to frantically issue ad hoc emergency patches, update signatures, and review security policies. To further complicate matters, organizations are often dealing with disparate, unaligned security solutions that impede swift remediation,” said Charles Kolodgy, research director at IDC. “Lumension is offering solutions that take the initiative away from the attacker by combining best-of-breed technologies that integrate vulnerability assessment, remediation and policy enforcement processes on a continuous cycle. In this way customers can proactively maintain a consistent level of security risk management without relying on a wide variety of incongruent solutions. The combination of these security management segments is defining a unified protection and control market.”

PatchLink Corp.