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Symantec Gets @stake

Symantec Corp. (Nasdaq: SYMC) is looking to boost its application security story with the acquisition of security consultancy @stake Inc. (see Symantec to Acquire @stake).

Precise details on the deal are yet to be released, although the acquisition is expected to be completed next month.

Symantec and its rival McAfee Inc. (NYSE: MFE) are keen to improve their consultancy and managed security portfolios at a time when businesses need increasingly complex IT security infrastructures. Last month McAfee acquired vulnerability management firm Foundstone Inc. for $86 million. Back in 2002, Symantec splashed out $145 million on Riptech and about $75 million on threat management specialist SecurityFocus.

By acquiring @stake, Symantec is also bolstering its application security strategy. The companys SmartRisk Analyzer product, in particular, is targeted at addressing security flaws in software applications. “Application security analysis and review is probably the hardest thing to do well in the security field,” according to Pete Lindstrom, research director at Spire Security LLC.

As well as acquiring @stake’s products, Symantec can tap into the company’s knowledge base. Founded in 2000 by a group of former executives from Forrester Research Inc., Compaq, and Cambridge Technology Partners, the company also joined forces with hacker think-tank LOpht.

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