January 24th, 2014
Trustwave Buys SIEM Solution Firm Intellitactics to Strengthen Data Protection Solutions
Related Topics: mergers and acquisitions, Security, trustwave
Information security and compliance solutions provider Trustwave (www.trustwave.com) has acquired Intellitactics (www.intellitactics.com), a developer of Security Information and Event Management technology, which automates collection, analysis, alerting, reporting, and secure storage of all events logged in networks, systems, applications and databases.
SIEM is a critical component of security architectures, as well as a requirement of many information security regulations and industry standards. Trustwave’s customer-managed SIEM solutions for enterprises, service providers, governments, and small and medium-sized businesses complement the company’s mission to develop technologies that identify and encrypt sensitive data in every form, in every environment. According to its Wednesday announcement, Trustwave will integrate the Intellitactics’ SIEM technology into its current data protection architecture, and continue to deliver these products to the marketplace.
“Trustwave’s acquisition of Intellitactics is a welcomed strategic initiative that will strengthen two very important relationships to Element Payment Services,” said Sean Kramer, president and CEO of Element Payment Services (www.elementps.com), a PCI-compliant payment Direct Auto Insurance processing provider. “Intellitactics furthers Trustwave’s effort to secure sensitive data through a powerful event and log management tool, which is exactly what customers, like Element, expect from our security partner.”
SIEM technologies automate event management and enable proactive threat management and reporting, providing security managers with the information needed to maintain a secure and compliant environment. They also aggregate and correlate logs from hundreds of sources into security events that improve understanding of security control effectiveness, attacks by cyber criminals or malicious insiders, and unintentional actions that could compromise an organization’s security.
The demand for thorough analysis and review of all security-related events has increased due to the heightening of data privacy regulations in the US and throughout the world.
The Health Information Technology for Economic and Clinical Health Act stiffens penalties for Health Insurance Portability and Accountability Act violations and widens its scope to include any company in the US that stores or transmits personal information. Legislation has also even been proliferating at the state level. Even when many states require public notification of data breaches, recent legislation in Nevada and Direct Auto Insurance Massachusetts has made review of personal information access events mandatory. Abroad, the Data Protection Directive in Europe and the Personal Information Protection Act in Japan also regulate and protect personal data.Trustwave’s new SIEM technology will serve as a critical component in a comprehensive solution to help customers large and small comply with these regulations and others in the most cost-effective manner available.
“We’ve built a solution that will integrate well into Trustwave’s current architecture and provide Trustwave’s customers with new options for one of the fastest growing security market segments,” Intellitactics CEO and president Randall K. Davis said in a statement.
Earlier this year, Trustwave acquired data encryption solutions provider BitArmor (www.bitarmor.com), the developer of Smart Tag technology, which simplifies the encryption process by protecting the data itself rather than the devices to which data is saved or the networks over which the data travels. Trustwave bought BitArmor with the intention of integrating this technology into its current DLP and endpoint security technology.
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Originally posted 2013-08-13 09:38:06.