Sunday, 5 February 2012
CA set to acquire Arcot Systems
CA set to acquire Arcot Systems
By Security Asia Editors | Sep 1, 2010
0 comments
Digg
PrintSINGAPORE – CA Technologies announced a definitive signed agreement to acquire privately-held Arcot Systems, Inc., a provider of advanced authentication and fraud prevention solutions through on premises software or cloud services, in an all-cash transaction valued at $200 million.
“Arcot brings to CA Technologies a strong business in fraud prevention and unique capabilities in advanced authentication using a software-only approach,” said Dave Hansen, general manager, security business, CA Technologies. “This acquisition adds industry-leading technology that extends the breadth and depth of our strong IAM portfolio and gives our customers more first-class options for securing their Web-based business.”
Building on CA Technologies' cloud security strategy, the acquisition will provide the on-ramp to accelerate its delivery of IAM solutions as a comprehensive service from the cloud. The CA Technologies cloud security strategy is a three-fold approach: enable organizations to extend existing on-premises IAM systems to support cloud applications and services; provide IAM technology to cloud providers to secure their services – whether public, private or hybrid; and enable IAM services from the cloud.
The acquisition will benefit CA by:
- The Advanced Authentication market, a segment of the overall IAM sector, is expected to grow at low double digits over the next four years. The transaction is expected to drive new revenue streams for CA Technologies IAM business by growing Arcot’s eCommerce transaction business and growing sales to managed service providers that serve emerging enterprises.
- The synergies and customer benefits gained by combining solutions from Arcot with leading IAM solutions from CA Technologies, open strong cross-sell opportunities into both companies’ existing customer bases, as well as opportunities for net new sales.
- The acquisition fast-tracks CA Technologies IAM cloud service offering, with 120 million identities already verified using the Arcot technology today.
"Identity is a critical area for security whether you’re talking about in-house or the cloud, and with 120 million identities verified by our solutions today, we bring a strong, solid recurring revenue base as well as sources of new growth opportunities for CA Technologies,” said Ram Varadarajan, president and CEO, Arcot Systems, Inc. “Arcot’s strong established knowledge and expertise in core security and fraud prevention technology -- coupled with IAM solutions from CA Technologies -- will offer robust capabilities to our numerous shared customers, particularly in the financial industry.”
Similar
Add comment
knowledge_central_tab
Knowledge Central
When good backups go bad
Business transactions are faster and have a broader reach to more people in more countries than ever before. Businesses of all sizes can cast a global shadow by setting up a website and conducting business over the Internet. At the same time the volume of data is growing, so are the threats.
Does application security pay?
In the past, businesses confronted the threat of cyber attacks and data breaches primarily by building firewalls and other “perimeter defenses” around their networks, but the threat has continued to evolve, and more criminals are hacking into applications that are running on a plethora of new devices and environments, including cloud, mobile, and social media. Which begets the question: Is it still worthwhile investing in application security?
Red Cross overhauls ID management
Red Cross named the first recipient of the CourionCare Program for Non-Profits with massive overhaul to security and identity management.
Red Cross overhauls ID management
That program helped the agency reduce the risk of security and compliance breaches by automatically eliminating system access when a user changed responsibilities or left the organization.
