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LinuxPR: Intrusion.com Acquires MimeStar, Inc.

Jul 05, 2000, 17:14 (0 Talkback[s])

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"Intrusion.com, Inc. (NASDAQ:INTZ), a global provider of enterprise security solutions, today announced the acquisition of MimeStar, Inc., developer of the advanced network intrusion detection software, SecureNet Pro[tm]. Under the terms of the merger agreement, Intrusion.com expects to pay $4 million in cash and issue 95,969 shares of its stock to MimeStar's stockholders."

"The acquisition represents a key component of Intrusion.com's strategy to provide a full range of security offerings for the protection of e-business, Web servers and internal computing systems. MimeStar's SecureNet Pro network-based intrusion detection software rounds out Intrusion.com's technology portfolio with a network-based solution that is complementary to the company's existing host-based intrusion detection, security assessment, behavior profiling, and security information analysis and management products. "

"According to Frost & Sullivan, intrusion detection system technology is an important component of a comprehensive enterprise security strategy. They forecast that the U.S. intrusion detection market will grow from $62.3 million in 1999 to $1.71 billion in 2006 due to growth in the use of the Internet for e-business and e-commerce."

Press Release