EMC to acquire Web security expert Silver Tail
Developer of big data-driven security solutions to join RSA security division
EMC Corporation today announced it has signed a definitive agreement to acquire privately-held Silver Tail Systems, specialist in real-time Web session intelligence and behavioral analysis.
Upon closing, Silver Tail will operate within the RSA security division and is expected to extend the capabilities of RSA's identity protection and verification (IPV) solutions, as well as other areas across RSA's enterprise security portfolio.
EMC said the acquisition is expected to be completed in the fourth quarter of 2012, subject to certain closing conditions. The acquisition is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year. Terms of the deal were not disclosed.
The rapid evolution of malware and advanced online threats has left growing numbers of online banking, ecommerce and government Web sites and their customers vulnerable to attack, account takeover and fraud. In response to this evolution organisations historically have focused on building fraud detection and security strategies that try to identify what a bad transaction looks like, creating solutions that must always play catch-up to the latest threats.
Silver Tail Systems' Web session intelligence was designed as a response to this trend, using a big data-driven approach to gather and analyse mass quantities of information in real time and at scale to deepen visibility into Web sessions and mobile traffic. The information is fed into Silver Tail Systems' behavior analysis engine to review at both user and population levels to detect anomalies, IT security threats, fraud, insider threats, business logic abuse and other malicious activity.
"The industry is well beyond the point of providing effective security using static, perimeter point tools that fail to keep up with dynamic cyber attackers," said Art Coviello, RSA executive chairman and executive vice president, EMC Corporation.
"Customers need better intelligence, analytics, and the ability to respond in real time which is a capability that Silver Tail's products do extraordinarily well to help foil web-based attacks. Silver Tail offers proven anti-fraud solutions that complement RSA's portfolio of risk-based and adaptive products and services."
"Stopping cybercrime has never been harder than it is today," said Tim Eades, chief executive officer, Silver Tail Systems.
"The recent attacks on the North American banking infrastructure are stark reminders of the pace of innovation in the cybercriminal ecosystem, the convergence of the fraud and info-security attack techniques and the profound responsibility of the CISO to help defend against these attacks.
"Silver Tail pioneered an approach that uses web session intelligence to provide unmatched visibility and the behavioral analysis that detects these threats and protects web-based platforms around the world. Together with RSA, we have an incredible opportunity to extend these capabilities beyond what we do today to protect web-based platforms."